# PPP loan: STEAKS SOPHISTICATED INC
> **$702K** approved 04/13/2020 · Paid in Full · Loan `5416967105`
## Borrower
- **Name:** STEAKS SOPHISTICATED INC
- **Address:** 1110 Parkway, GATLINBURG, TN, 37738-3108
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $702K
- **Initial approval:** $702K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Rent:** $132K
- **Utilities:** $44K
- **Jobs reported:** 91
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*