PPP Loan information for Karl's family restaurant, inc.

$370,800

Karl's family restaurant, inc. was initially approved for PPP Loan of amount $370,800, the current approved amount is $370,800. The loan was approved on 04/27/2020 by The Comerica Bank reported 56 jobs and $370,800 was used to fund payroll.

Karl's family restaurant, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Plymouth / Karl's family restaurant, inc.

KARL'S FAMILY RESTAURANT, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

KARL'S FAMILY RESTAURANT, INC.

Borrower Address

9779 N. Territorial Rd

Borrower City

Plymouth

Borrower State

MI

Borrower Zip

48170-5045

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

370800.00

Current Approval Amount

370800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Plymouth

Project County Name

WASHTENAW

Project State

MI

Project Zip

48170-5045

CD

MI-06

Jobs Reported

56

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

296642.00

Mortgage Interest Proceed

74158.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

373436.80

Forgiveness Date

01/19/2021

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