PPP Loan information for Faam enterprises inc

$1,090,240

Faam enterprises inc was initially approved for PPP Loan of amount $1,090,240, the current approved amount is $1,090,240. The loan was approved on 01/25/2021 by The Clear Lake Bank & Trust Company reported 153 jobs and $1,090,240 was used to fund payroll.

Faam enterprises inc is Existing or more than 2 years old

PPP Loan Search / IA / Ames / Faam enterprises inc

FAAM ENTERPRISES INC

Date Approved

01/25/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

FAAM ENTERPRISES INC

Borrower Address

2825 E 13th St

Borrower City

Ames

Borrower State

IA

Borrower Zip

50010-8616

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1090240.00

Current Approval Amount

1090240.00

Undisbursed Amount

0.00

Franchise Name

IHOP

Servicing Lender Location Id

24776

Servicing Lender Name

Clear Lake Bank & Trust Company

Servicing Lender Address

322 Main Ave

Servicing Lender City

CLEAR LAKE

Servicing Lender State

IA

Servicing Lender Zip

50428-1825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ames

Project County Name

STORY

Project State

IA

Project Zip

50010-8616

CD

IA-04

Jobs Reported

153

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1090239.00

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

Subchapter S Corporation

Originating Lender Location Id

24776

Originating Lender

Clear Lake Bank & Trust Company

Originating Lender City

CLEAR LAKE

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1097841.40

Forgiveness Date

10/08/2021

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