# PPP loan: PARKS HOSPITALITY GROUP INC
> **$1.05M** approved 04/10/2020 · Paid in Full · Loan `1954167100`
## Borrower
- **Name:** PARKS HOSPITALITY GROUP INC
- **Address:** 4242 SIX FORKS RD, SUITE 1600, RALEIGH, NC, 27609-5716
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $869K
- **Rent:** $24K
- **Mortgage interest:** $8K
- **Utilities:** $10K
- **Health care:** $140K
- **Jobs reported:** 65
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*