# PPP loan: G&C HOSPITALITY INC
> **$1.63M** approved 04/30/2021 · Paid in Full · Loan `5352308908`
## Borrower
- **Name:** G&C HOSPITALITY INC
- **Address:** 160 Yorkchester Way, Raleigh, NC, 27615-2979
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 07/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.63M
- **Utilities:** $1
- **Jobs reported:** 120
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*