# PPP loan: MASTERS RESTAURANT GROUP, INC
> **$171K** approved 06/18/2020 · Paid in Full · Loan `8512187906`
## Borrower
- **Name:** MASTERS RESTAURANT GROUP, INC
- **Address:** 1775 E 13 Rd, Madison Heights, MI, 48071
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $171K
- **Jobs reported:** 36
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*