PPP Loan information for Margaritas of downtown inc.

$150,000

Margaritas of downtown inc. was initially approved for PPP Loan of amount $150,000, the current approved amount is $150,000. The loan was approved on 03/24/2021 by The Cross River Bank reported 22 jobs and $150,000 was used to fund payroll.

Margaritas of downtown inc. is Existing or more than 2 years old

PPP Loan Search / TN / Covington / Margaritas of downtown inc.

MARGARITAS OF DOWNTOWN INC.

Date Approved

03/24/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

MARGARITAS OF DOWNTOWN INC.

Borrower Address

1625 Old Memphis Rd

Borrower City

Covington

Borrower State

TN

Borrower Zip

38019-7537

Loan Status Date

03/11/2023

Loan Status

Charged Off

Term

37

SBA Guaranty Percentage

100

Initial Approval Amount

150000.00

Current Approval Amount

150000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Covington

Project County Name

TIPTON

Project State

TN

Project Zip

38019-7537

CD

TN-08

Jobs Reported

22

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

149996.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;