PPP Loan information for New beginnings restaurants inc

$985,488

New beginnings restaurants inc was initially approved for PPP Loan of amount $985,488, the current approved amount is $985,488. The loan was approved on 03/25/2021 by The The Huntington National Bank reported 198 jobs and $985,488 was used to fund payroll.

New beginnings restaurants inc is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / New beginnings restaurants inc

NEW BEGINNINGS RESTAURANTS INC

Date Approved

03/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

NEW BEGINNINGS RESTAURANTS INC

Borrower Address

1455 Michigan St NE

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49503-2005

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

985488.00

Current Approval Amount

985488.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49503-2005

CD

MI-03

Jobs Reported

198

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

985483.00

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

Corporation

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

713409.86

Forgiveness Date

06/28/2022

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