PPP Loan information for Faraco's restaurant inc.

$58,635

Faraco's restaurant inc. was initially approved for PPP Loan of amount $58,635, the current approved amount is $58,635. The loan was approved on 02/03/2021 by The QNB Bank reported 19 jobs and $58,635 was used to fund payroll.

Faraco's restaurant inc. is Existing or more than 2 years old

PPP Loan Search / PA / Quakertown / Faraco's restaurant inc.

FARACO'S RESTAURANT INC.

Date Approved

02/03/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

FARACO'S RESTAURANT INC.

Borrower Address

1850 John Fries Hwy

Borrower City

Quakertown

Borrower State

PA

Borrower Zip

18951-2137

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

58635.00

Current Approval Amount

58635.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

62342

Servicing Lender Name

QNB Bank

Servicing Lender Address

15 N Third St

Servicing Lender City

QUAKERTOWN

Servicing Lender State

PA

Servicing Lender Zip

18951-1376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Quakertown

Project County Name

BUCKS

Project State

PA

Project Zip

18951-2137

CD

PA-01

Jobs Reported

19

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

58633.00

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

62342

Originating Lender

QNB Bank

Originating Lender City

QUAKERTOWN

Originating Lender State

PA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

59018.94

Forgiveness Date

10/08/2021

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