# PPP loan: R.R.C. RESTAURANTS, INC.
> **$539K** approved 04/06/2020 · Paid in Full · Loan `5987977003`
## Borrower
- **Name:** R.R.C. RESTAURANTS, INC.
- **Address:** 1115 College Ave, NEWARK, DE, 19713-2307
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $539K
- **Initial approval:** $539K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $83K
- **Utilities:** $5K
- **Jobs reported:** 175
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*