PPP Loan information for The modern tea room

$34,301

The modern tea room was initially approved for PPP Loan of amount $34,301, the current approved amount is $34,301. The loan was approved on 04/30/2020 by The United Business Bank reported 10 jobs and $34,301 was used to fund payroll.

The modern tea room is Existing or more than 2 years old

PPP Loan Search / CA / LANCASTER / The modern tea room

THE MODERN TEA ROOM

Date Approved

04/30/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

THE MODERN TEA ROOM

Borrower Address

705 West Lancaster Blvd.

Borrower City

LANCASTER

Borrower State

CA

Borrower Zip

93534

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34301.00

Current Approval Amount

34301.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378915

Servicing Lender Name

United Business Bank

Servicing Lender Address

500 Ygnacio Valley Rd, Ste 200

Servicing Lender City

WALNUT CREEK

Servicing Lender State

CA

Servicing Lender Zip

94596-3845

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANCASTER

Project County Name

LOS ANGELES

Project State

CA

Project Zip

93534-1000

CD

CA-27

Jobs Reported

10

NAICS Code

722511

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3261.00

Payroll Proceed

27440.00

Mortgage Interest Proceed

0.00

Rent Proceed

3600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

378915

Originating Lender

United Business Bank

Originating Lender City

WALNUT CREEK

Originating Lender State

CA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

34696.64

Forgiveness Date

07/14/2021

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