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

$519,123

Karl's family restaurant, inc. was initially approved for PPP Loan of amount $519,123, the current approved amount is $519,123. The loan was approved on 01/25/2021 by The Loan Source Incorporated reported 42 jobs and $519,123 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

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

KARL'S FAMILY RESTAURANT, INC.

Borrower Address

6005 Gotfredson Rd

Borrower City

Plymouth

Borrower State

MI

Borrower Zip

48170

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

519123.49

Current Approval Amount

519123.49

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

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

WAYNE

Project State

MI

Project Zip

48170

CD

MI-07

Jobs Reported

42

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

519120.49

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

Corporation

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

523404.48

Forgiveness Date

12/08/2021

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