PPP Loan information for Pearson restaurant co. inc

$289,190

Pearson restaurant co. inc was initially approved for PPP Loan of amount $289,190, the current approved amount is $289,190. The loan was approved on 01/22/2021 by The Select Bank reported 27 jobs and $289,190 was used to fund payroll.

Pearson restaurant co. inc is Existing or more than 2 years old

PPP Loan Search / VA / Lynchburg / Pearson restaurant co. inc

PEARSON RESTAURANT CO. INC

Date Approved

01/22/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

PEARSON RESTAURANT CO. INC

Borrower Address

707 Graves Mill Rd

Borrower City

Lynchburg

Borrower State

VA

Borrower Zip

24502-4213

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

289190.33

Current Approval Amount

289190.33

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lynchburg

Project County Name

LYNCHBURG CITY

Project State

VA

Project Zip

24502-4213

CD

VA-05

Jobs Reported

27

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

289186.33

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

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

290893.78

Forgiveness Date

09/01/2021

;