# PPP loan: R.R.C. RESTAURANTS INC.
> **$754K** approved 02/04/2021 · Paid in Full · Loan `3298408401`
## Borrower
- **Name:** R.R.C. RESTAURANTS INC.
- **Address:** 1115 S College Ave, Newark, DE, 19713-2307
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $761K (101%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $754K
- **Utilities:** $1
- **Jobs reported:** 232
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*