PPP Loan information for Associated restaurant ventures

$500,357

Associated restaurant ventures was initially approved for PPP Loan of amount $500,357, the current approved amount is $500,357. The loan was approved on 04/08/2020 by The Loan Source Incorporated reported 170 jobs and $500,357 was used to fund payroll.

Associated restaurant ventures is Existing or more than 2 years old

ASSOCIATED RESTAURANT VENTURES

Date Approved

04/08/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

ASSOCIATED RESTAURANT VENTURES

Borrower Address

1 HUNTINGTON RD

Borrower City

ATHENS

Borrower State

GA

Borrower Zip

30606-3185

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500357.00

Current Approval Amount

500357.00

Undisbursed Amount

0.00

Franchise Name

Wendy's

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ATHENS

Project County Name

CLARKE

Project State

GA

Project Zip

30606-3185

CD

GA-10

Jobs Reported

170

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

45000.00

Payroll Proceed

350000.00

Mortgage Interest Proceed

20000.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

25357.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

90426

Originating Lender

Pacific Premier Bank

Originating Lender City

IRVINE

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

504798.53

Forgiveness Date

03/05/2021

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