PPP Loan information for Essence restaurant group, llc

$842,300

Essence restaurant group, llc was initially approved for PPP Loan of amount $842,300, the current approved amount is $842,300. The loan was approved on 04/05/2020 by The Union Bank reported 93 jobs and $842,300 was used to fund payroll.

Essence restaurant group, llc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Essence restaurant group, llc

ESSENCE RESTAURANT GROUP, LLC

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ESSENCE RESTAURANT GROUP, LLC

Borrower Address

44 GRANDVILLE AVE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4083

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

842300.00

Current Approval Amount

842300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35975

Servicing Lender Name

Union Bank

Servicing Lender Address

933 4th Ave

Servicing Lender City

LAKE ODESSA

Servicing Lender State

MI

Servicing Lender Zip

48849-1020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49503-4083

CD

MI-03

Jobs Reported

93

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

85000.00

Payroll Proceed

571300.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

26000.00

Debt Interest Proceed

60000

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

35975

Originating Lender

Union Bank

Originating Lender City

LAKE ODESSA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

849272.37

Forgiveness Date

02/09/2021

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