# PPP loan: MURPHY ADAMS RESTAURANT GROUP, INC.
> **$2.23M** approved 04/12/2020 · Charged Off · Loan `4159947103`
## Borrower
- **Name:** MURPHY ADAMS RESTAURANT GROUP, INC.
- **Address:** 512 East Riverside Drive, Austin, TX, 78704-1300
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.23M
- **Initial approval:** $1.74M
- **Forgiven:** $2.14M (96%)
- **Forgiveness date:** 07/21/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $1.88M
- **Rent:** $297K
- **Utilities:** $55K
- **Jobs reported:** 120
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*