# PPP loan: ARCTIC CIRCLE RESTAURANTS, INC.
> **$1.99M** approved 04/04/2020 · Paid in Full · Loan `4900607001`
## Borrower
- **Name:** ARCTIC CIRCLE RESTAURANTS, INC.
- **Address:** 4214 West 8370 South, WEST JORDAN, UT, 84088-5907
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.60M
- **Rent:** $260K
- **Utilities:** $131K
- **Jobs reported:** 500
## Lender
- **Originating:** First Utah Bank
- **Servicing:** First Utah Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*