# PPP loan: SERG RESTAURANT GROUP, LLC
> **$1.27M** approved 04/08/2020 · Paid in Full · Loan `8304637001`
## Borrower
- **Name:** SERG RESTAURANT GROUP, LLC
- **Address:** 9 HUNTER RD (A), HILTON HEAD ISLAND, SC, 29926-3715
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Rent:** $76K
- **Mortgage interest:** $102K
- **Utilities:** $13K
- **Jobs reported:** 114
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*