PPP Loan information for Rails steakhouse llc

$1,048,498

Rails steakhouse llc was initially approved for PPP Loan of amount $1,048,498, the current approved amount is $1,048,498. The loan was approved on 02/10/2021 by The Valley National Bank reported 80 jobs and $1,048,498 was used to fund payroll.

Rails steakhouse llc is Existing or more than 2 years old

PPP Loan Search / NJ / Towaco / Rails steakhouse llc

RAILS STEAKHOUSE LLC

Date Approved

02/10/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

RAILS STEAKHOUSE LLC

Borrower Address

8 White Hall Rd Ste 300

Borrower City

Towaco

Borrower State

NJ

Borrower Zip

07082-1384

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1048498.00

Current Approval Amount

1048498.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Towaco

Project County Name

MORRIS

Project State

NJ

Project Zip

07082-1384

CD

NJ-11

Jobs Reported

80

NAICS Code

722511

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1048494.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1056274.36

Forgiveness Date

11/08/2021

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