PPP Loan information for Restaurant development and management group inc

$446,866

Restaurant development and management group inc was initially approved for PPP Loan of amount $446,866, the current approved amount is $446,866. The loan was approved on 02/13/2021 by The Commercial Banking Company reported 75 jobs and $446,866 was used to fund payroll.

Restaurant development and management group inc is Existing or more than 2 years old

RESTAURANT DEVELOPMENT AND MANAGEMENT GROUP INC

Date Approved

02/13/2021

SBA Office Code

0405

Processing Method

PPS

Borrower Name

RESTAURANT DEVELOPMENT AND MANAGEMENT GROUP INC

Borrower Address

2101 US Highway 84 W

Borrower City

Valdosta

Borrower State

GA

Borrower Zip

31601-5188

Loan Status Date

12/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

446866.00

Current Approval Amount

446866.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120813

Servicing Lender Name

Commercial Banking Company

Servicing Lender Address

3462 N Valdosta Rd

Servicing Lender City

VALDOSTA

Servicing Lender State

GA

Servicing Lender Zip

31602-1097

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Valdosta

Project County Name

LOWNDES

Project State

GA

Project Zip

31601-5188

CD

GA-08

Jobs Reported

75

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

446864.00

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

Subchapter S Corporation

Originating Lender Location Id

120813

Originating Lender

Commercial Banking Company

Originating Lender City

VALDOSTA

Originating Lender State

GA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

450269.53

Forgiveness Date

11/26/2021

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