PPP Loan information for People first foods, inc.

$3,500,400

People first foods, inc. was initially approved for PPP Loan of amount $3,500,400, the current approved amount is $3,500,400. The loan was approved on 04/05/2020 by The Lake Forest Bank & Trust Company, National Association reported 500 jobs and $3,500,400 was used to fund payroll.

People first foods, inc. is Existing or more than 2 years old

PPP Loan Search / MN / NEW LONDON / People first foods, inc.

PEOPLE FIRST FOODS, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PEOPLE FIRST FOODS, INC.

Borrower Address

301 Birch St SE

Borrower City

NEW LONDON

Borrower State

MN

Borrower Zip

56273-8532

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3500400.00

Current Approval Amount

3500400.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

117732

Servicing Lender Name

Lake Forest Bank & Trust Company, National Association

Servicing Lender Address

727 N Bank Ln

Servicing Lender City

LAKE FOREST

Servicing Lender State

IL

Servicing Lender Zip

60045-1887

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW LONDON

Project County Name

KANDIYOHI

Project State

MN

Project Zip

56273-8532

CD

MN-07

Jobs Reported

500

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

437550.00

Payroll Proceed

2625300.00

Mortgage Interest Proceed

0.00

Rent Proceed

437550.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

117732

Originating Lender

Lake Forest Bank & Trust Company, National Association

Originating Lender City

LAKE FOREST

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3533264.87

Forgiveness Date

03/22/2021

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