# PPP loan: RCL RESTAURANTS, INC.
> **$205K** approved 04/30/2020 · Charged Off · Loan `7457037310`
## Borrower
- **Name:** RCL RESTAURANTS, INC.
- **Address:** 1538 CENTRE STREET, DETROIT, MI, 48226
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $16K (8%)
- **Forgiveness date:** 03/24/2022
- **Status:** Charged Off
- **Term:** 25 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 30
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*