# PPP loan: R.C. RESTAURANT GROUP, L.P.
> **$348K** approved 04/04/2020 · Paid in Full · Loan `4988667001`
## Borrower
- **Name:** R.C. RESTAURANT GROUP, L.P.
- **Address:** 4235 DOWLEN RD, BEAUMONT, TX, 77706-6854
- **NAICS:** 722511
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $261K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Jobs reported:** 77
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*