PPP Loan information for Faraco's restaurant, inc.

$40,378

Faraco's restaurant, inc. was initially approved for PPP Loan of amount $40,378, the current approved amount is $40,378. The loan was approved on 04/30/2020 by The QNB Bank reported 19 jobs and $40,378 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

04/30/2020

SBA Office Code

0303

Processing Method

PPP

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

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40378.00

Current Approval Amount

40378.00

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

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

40378.00

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

40611.42

Forgiveness Date

12/02/2020

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