PPP Loan information for Malhotra foods inc.

$162,000

Malhotra foods inc. was initially approved for PPP Loan of amount $162,000, the current approved amount is $162,000. The loan was approved on 04/28/2020 by The First National Bank reported 35 jobs and $162,000 was used to fund payroll.

Malhotra foods inc. is Existing or more than 2 years old

PPP Loan Search / NM / ALAMOGORDO / Malhotra foods inc.

MALHOTRA FOODS INC.

Date Approved

04/28/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

MALHOTRA FOODS INC.

Borrower Address

630 S WHITE SANDS BLVD

Borrower City

ALAMOGORDO

Borrower State

NM

Borrower Zip

88310-7238

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

162000.00

Current Approval Amount

162000.00

Undisbursed Amount

0.00

Franchise Name

Subway

Servicing Lender Location Id

45647

Servicing Lender Name

First National Bank

Servicing Lender Address

414 10th St

Servicing Lender City

ALAMOGORDO

Servicing Lender State

NM

Servicing Lender Zip

88310-6766

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALAMOGORDO

Project County Name

OTERO

Project State

NM

Project Zip

88310-7238

CD

NM-02

Jobs Reported

35

NAICS Code

722513

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

144000.00

Mortgage Interest Proceed

8000.00

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

45647

Originating Lender

First National Bank

Originating Lender City

ALAMOGORDO

Originating Lender State

NM

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

164430.00

Forgiveness Date

10/27/2021

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