PPP Loan information for Sovereign beverages corporation

$205,725

Sovereign beverages corporation was initially approved for PPP Loan of amount $205,725, the current approved amount is $205,725. The loan was approved on 06/22/2020 by The Celtic Bank Corporation reported 16 jobs and $205,725 was used to fund payroll.

Sovereign beverages corporation is Existing or more than 2 years old

PPP Loan Search / NJ / Paterson / Sovereign beverages corporation

SOVEREIGN BEVERAGES CORPORATION

Date Approved

06/22/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

SOVEREIGN BEVERAGES CORPORATION

Borrower Address

138 3rd Avenue

Borrower City

Paterson

Borrower State

NJ

Borrower Zip

07514-1513

Loan Status Date

12/18/2021

Loan Status

Charged Off

Term

42

SBA Guaranty Percentage

100

Initial Approval Amount

205725.00

Current Approval Amount

205725.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

223542

Servicing Lender Name

Celtic Bank Corporation

Servicing Lender Address

268 S State St, Ste 300

Servicing Lender City

SALT LAKE CITY

Servicing Lender State

UT

Servicing Lender Zip

84111-5314

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Paterson

Project County Name

PASSAIC

Project State

NJ

Project Zip

07514-1513

CD

NJ-09

Jobs Reported

16

NAICS Code

423990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25715.62

Payroll Proceed

154293.76

Mortgage Interest Proceed

0.00

Rent Proceed

25715.62

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

223542

Originating Lender

Celtic Bank Corporation

Originating Lender City

SALT LAKE CITY

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;