# PPP loan: RESTAURANT MANAGEMENT CORPORATION
> **$1.26M** approved 04/14/2020 · Paid in Full · Loan `6786627110`
## Borrower
- **Name:** RESTAURANT MANAGEMENT CORPORATION
- **Address:** 22 East King Street, SHIPPENSBURG, PA, 17257
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.26M
- **Initial approval:** $1.26M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $931K
- **Rent:** $182K
- **Utilities:** $97K
- **Health care:** $53K
- **Jobs reported:** 316
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*