# PPP loan: SCHOLZ RESTAURANTS, INC.
> **$151K** approved 04/27/2020 · Paid in Full · Loan `3939387206`
## Borrower
- **Name:** SCHOLZ RESTAURANTS, INC.
- **Address:** 648 FAIRVIEW RD, SIMPSONVILLE, SC, 29680-6708
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $119K
- **Rent:** $20K
- **Mortgage interest:** $1K
- **Utilities:** $7K
- **Debt interest:** $4K
- **Jobs reported:** 35
## Lender
- **Originating:** Bank of Travelers Rest
- **Servicing:** Bank of Travelers Rest (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*