# PPP loan: ADAMS RIBS EAST INC.
> **$287K** approved 03/12/2021 · Paid in Full · Loan `9516758506`
## Borrower
- **Name:** ADAMS RIBS EAST INC.
- **Address:** 921 Chesapeake Ave, Annapolis, MD, 21403-3116
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 09/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $287K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*