PPP Loan information for Restaurant acquisition and management group, inc.

$197,770

Restaurant acquisition and management group, inc. was initially approved for PPP Loan of amount $175,000, the current approved amount is $197,770. The loan was approved on 04/27/2020 by The LendingClub Bank, National Association reported 14 jobs and $197,770 was used to fund payroll.

Restaurant acquisition and management group, inc. is Existing or more than 2 years old

PPP Loan Search / MD / Derwood / Restaurant acquisition and management group, inc.

RESTAURANT ACQUISITION AND MANAGEMENT GROUP, INC.

Date Approved

04/27/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

RESTAURANT ACQUISITION AND MANAGEMENT GROUP, INC.

Borrower Address

17503 Redland Road

Borrower City

Derwood

Borrower State

MD

Borrower Zip

20855

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

175000.00

Current Approval Amount

197770.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111901

Servicing Lender Name

LendingClub Bank, National Association

Servicing Lender Address

2701 N Thanksgiving Way

Servicing Lender City

LEHI

Servicing Lender State

UT

Servicing Lender Zip

84043

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Derwood

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20855-0500

CD

MD-08

Jobs Reported

14

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

197770.00

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

111901

Originating Lender

LendingClub Bank, National Association

Originating Lender City

LEHI

Originating Lender State

UT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

200918.06

Forgiveness Date

12/23/2021

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