# PPP loan: VARSITY RESTAURANTS INC
> **$158K** approved 04/27/2020 · Paid in Full · Loan `4837637202`
## Borrower
- **Name:** VARSITY RESTAURANTS INC
- **Address:** 1757 E BAYSHORE RD STE 14, REDWOOD CITY, CA, 94063
- **NAICS:** 722320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $157K (100%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 20
## Lender
- **Originating:** Heritage Bank of Commerce
- **Servicing:** Heritage Bank of Commerce (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*