PPP Loan information for Marion restaurants, inc.

$108,420

Marion restaurants, inc. was initially approved for PPP Loan of amount $108,420, the current approved amount is $108,420. The loan was approved on 04/11/2020 by The First Farmers Bank & Trust Co. reported 31 jobs and $108,420 was used to fund payroll.

Marion restaurants, inc. is New Business or 2 years or less

PPP Loan Search / IN / Marion / Marion restaurants, inc.

MARION RESTAURANTS, INC.

Date Approved

04/11/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MARION RESTAURANTS, INC.

Borrower Address

106 E 4th St

Borrower City

Marion

Borrower State

IN

Borrower Zip

46952-4000

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

108420.00

Current Approval Amount

108420.00

Undisbursed Amount

0.00

Franchise Name

Wendy's

Servicing Lender Location Id

23025

Servicing Lender Name

First Farmers Bank & Trust Co.

Servicing Lender Address

123 N Jefferson St

Servicing Lender City

CONVERSE

Servicing Lender State

IN

Servicing Lender Zip

46919

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Marion

Project County Name

GRANT

Project State

IN

Project Zip

46952-4000

CD

IN-05

Jobs Reported

31

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

108420.00

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

23025

Originating Lender

First Farmers Bank & Trust Co.

Originating Lender City

CONVERSE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

109106.16

Forgiveness Date

12/09/2020

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