# PPP loan: DRIFTWOOD RESTAURANT MANAGMENT INC
> **$150K** approved 04/06/2020 · Paid in Full · Loan `5779597002`
## Borrower
- **Name:** DRIFTWOOD RESTAURANT MANAGMENT INC
- **Address:** 1422 euclid ave 840, CLEVELAND, OH, 44115-1806
- **NAICS:** 561110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $38K
- **Jobs reported:** 8
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*