# PPP loan: ROYAL EXCHANGE RESTAURANT
> **$280K** approved 04/28/2020 · Charged Off · Loan `8050657202`
## Borrower
- **Name:** ROYAL EXCHANGE RESTAURANT
- **Address:** 301 SACRAMENTO ST, SAN FRANCISCO, CA, 94111-3601
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $223K (80%)
- **Forgiveness date:** 11/22/2021
- **Status:** Charged Off
- **Term:** 121 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 32
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*