PPP Loan information for Chao yang restaurant, inc.

$12,500

Chao yang restaurant, inc. was initially approved for PPP Loan of amount $12,500, the current approved amount is $12,500. The loan was approved on 04/28/2020 by The New Peoples Bank, Inc. reported 3 jobs and $12,500 was used to fund payroll.

Chao yang restaurant, inc. is Existing or more than 2 years old

PPP Loan Search / VA / ABINGDON / Chao yang restaurant, inc.

CHAO YANG RESTAURANT, INC.

Date Approved

04/28/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

CHAO YANG RESTAURANT, INC.

Borrower Address

598 Cummings Street

Borrower City

ABINGDON

Borrower State

VA

Borrower Zip

24210-3248

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

12500.00

Current Approval Amount

12500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123348

Servicing Lender Name

New Peoples Bank, Inc.

Servicing Lender Address

53 Commerce Dr

Servicing Lender City

HONAKER

Servicing Lender State

VA

Servicing Lender Zip

24260

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ABINGDON

Project County Name

WASHINGTON

Project State

VA

Project Zip

24210-3248

CD

VA-09

Jobs Reported

3

NAICS Code

722511

Race

Asian

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

12500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123348

Originating Lender

New Peoples Bank, Inc.

Originating Lender City

HONAKER

Originating Lender State

VA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

9552.25

Forgiveness Date

11/23/2020

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