# PPP loan: AMERICAN RESTAURANT MANAGEMENT CORP.
> **$400K** approved 01/20/2021 · Paid in Full · Loan `2444378301`
## Borrower
- **Name:** AMERICAN RESTAURANT MANAGEMENT CORP.
- **Address:** 11 S Bridge Dr, Agawam, MA, 01001-2007
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** PeoplesBank
- **Servicing:** PeoplesBank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*