# PPP loan: RANDOLPH RESTAURANT GROUP INC.
> **$1.07M** approved 04/08/2020 · Paid in Full · Loan `7906887009`
## Borrower
- **Name:** RANDOLPH RESTAURANT GROUP INC.
- **Address:** 1827 OLD PLANK RD, SOPHIA, NC, 27350-9221
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $35K
- **Health care:** $18K
- **Jobs reported:** 375
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*