PPP Loan information for Michaels on main cafe

$1,040,070

Michaels on main cafe was initially approved for PPP Loan of amount $1,040,070, the current approved amount is $1,040,070. The loan was approved on 03/12/2021 by The Loan Source Incorporated reported 108 jobs and $1,040,070 was used to fund payroll.

Michaels on main cafe is Existing or more than 2 years old

PPP Loan Search / IL / Lombard / Michaels on main cafe

MICHAELS ON MAIN CAFE

Date Approved

03/12/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MICHAELS ON MAIN CAFE

Borrower Address

720 E Butterfield Rd

Borrower City

Lombard

Borrower State

IL

Borrower Zip

60148-5661

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1040070.00

Current Approval Amount

1040070.00

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

Lombard

Project County Name

DUPAGE

Project State

IL

Project Zip

60148-5661

CD

IL-06

Jobs Reported

108

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1040066.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1047991.63

Forgiveness Date

12/23/2021

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