# PPP loan: RESTAURANT ENTERTAINMENT CONCEPTS, INC
> **$274K** approved 04/14/2020 · Paid in Full · Loan `7673787110`
## Borrower
- **Name:** RESTAURANT ENTERTAINMENT CONCEPTS, INC
- **Address:** 5415 Academy Rd NE, ALBUQUERQUE, NM, 87109
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Utilities:** $69K
- **Jobs reported:** 52
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*