PPP Loan information for Burger queen of somerset, inc.

Date Approved

04/04/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

BURGER QUEEN OF SOMERSET, INC.

Borrower Address

475 S. hwy 27

Borrower City

SOMERSET

Borrower State

KY

Borrower Zip

42501-3401

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

124700.00

Current Approval Amount

124700.00

Undisbursed Amount

0.00

Franchise Name

Dairy Queen Operating Agreement

Servicing Lender Location Id

27235

Servicing Lender Name

Cumberland Valley National Bank & Trust Company

Servicing Lender Address

1112 Hwy 490

Servicing Lender City

EAST BERNSTADT

Servicing Lender State

KY

Servicing Lender Zip

40729

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERSET

Project County Name

PULASKI

Project State

KY

Project Zip

42501-3401

CD

KY-05

Jobs Reported

33

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3500.00

Payroll Proceed

106200.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

27235

Originating Lender

Cumberland Valley National Bank & Trust Company

Originating Lender City

EAST BERNSTADT

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

125850.01

Forgiveness Date

03/15/2021