PPP Loan information for Formosa restaurant inc

$82,698

Formosa restaurant inc was initially approved for PPP Loan of amount $82,698, the current approved amount is $82,698. The loan was approved on 01/26/2021 by The Builtwell Bank reported 13 jobs and $82,698 was used to fund payroll.

Formosa restaurant inc is Existing or more than 2 years old

PPP Loan Search / TN / Hixson / Formosa restaurant inc

FORMOSA RESTAURANT INC

Date Approved

01/26/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

FORMOSA RESTAURANT INC

Borrower Address

5425 Highway 153

Borrower City

Hixson

Borrower State

TN

Borrower Zip

37343-6700

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

82698.35

Current Approval Amount

82698.35

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67085

Servicing Lender Name

Builtwell Bank

Servicing Lender Address

728 Broad St

Servicing Lender City

CHATTANOOGA

Servicing Lender State

TN

Servicing Lender Zip

37402-1801

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hixson

Project County Name

HAMILTON

Project State

TN

Project Zip

37343-6700

CD

TN-03

Jobs Reported

13

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

82695.35

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

67085

Originating Lender

Builtwell Bank

Originating Lender City

CHATTANOOGA

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

83180.76

Forgiveness Date

08/27/2021

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