PPP Loan information for Algarve barbecue corporation

$284,862

Algarve barbecue corporation was initially approved for PPP Loan of amount $284,862, the current approved amount is $284,862. The loan was approved on 04/27/2020 by The Crown Bank reported 42 jobs and $284,862 was used to fund payroll.

Algarve barbecue corporation is Existing or more than 2 years old

PPP Loan Search / NJ / ELIZABETH / Algarve barbecue corporation

ALGARVE BARBECUE CORPORATION

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

ALGARVE BARBECUE CORPORATION

Borrower Address

656 VAN BUREN AVE

Borrower City

ELIZABETH

Borrower State

NJ

Borrower Zip

07201-1625

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

284862.00

Current Approval Amount

284862.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122482

Servicing Lender Name

Crown Bank

Servicing Lender Address

400 Westminster Ave

Servicing Lender City

ELIZABETH

Servicing Lender State

NJ

Servicing Lender Zip

07208-3207

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ELIZABETH

Project County Name

UNION

Project State

NJ

Project Zip

07201-1625

CD

NJ-08

Jobs Reported

42

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

24399.00

Payroll Proceed

223863.00

Mortgage Interest Proceed

0.00

Rent Proceed

36600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122482

Originating Lender

Crown Bank

Originating Lender City

ELIZABETH

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

287243.76

Forgiveness Date

03/01/2021

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