# PPP loan: MOUNTAIN GATE FAMILY RESTAURANT, INC.
> **$327K** approved 05/18/2020 · Paid in Full · Loan `8305627403`
## Borrower
- **Name:** MOUNTAIN GATE FAMILY RESTAURANT, INC.
- **Address:** 133 Frederick Road, Thurmont, MD, 21788
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Jobs reported:** 92
## Lender
- **Originating:** Woodsboro Bank
- **Servicing:** Woodsboro Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*