PPP Loan information for Payal foods inc

$43,300

Payal foods inc was initially approved for PPP Loan of amount $43,300, the current approved amount is $43,300. The loan was approved on 01/16/2021 by The Northwest Bank of Rockford reported 11 jobs and $43,300 was used to fund payroll.

Payal foods inc is Existing or more than 2 years old

PPP Loan Search / IL / Rockford / Payal foods inc

PAYAL FOODS INC

Date Approved

01/16/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

PAYAL FOODS INC

Borrower Address

6353 Palo Verde Dr

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61114-8173

Loan Status Date

04/23/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

43300.00

Current Approval Amount

43300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22504

Servicing Lender Name

Northwest Bank of Rockford

Servicing Lender Address

3106 N Rockton Ave

Servicing Lender City

ROCKFORD

Servicing Lender State

IL

Servicing Lender Zip

61103-2837

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rockford

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61114-8173

CD

IL-17

Jobs Reported

11

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

43297.00

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

22504

Originating Lender

Northwest Bank of Rockford

Originating Lender City

ROCKFORD

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

43666.85

Forgiveness Date

11/24/2021

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