# PPP loan: RESTAURANT ENTERTAINMENT CONCEPTS INC
> **$384K** approved 02/24/2021 · Paid in Full · Loan `3847278501`
## Borrower
- **Name:** RESTAURANT ENTERTAINMENT CONCEPTS INC
- **Address:** 5415 Academy Rd NE, Albuquerque, NM, 87109-3301
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 01/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $384K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*