PPP Loan information for Velvet restaurants inc

$381,300

Velvet restaurants inc was initially approved for PPP Loan of amount $381,300, the current approved amount is $381,300. The loan was approved on 04/10/2020 by The Bank of Stockton reported 35 jobs and $381,300 was used to fund payroll.

Velvet restaurants inc is Existing or more than 2 years old

PPP Loan Search / CA / SANTA BARBARA / Velvet restaurants inc

VELVET RESTAURANTS INC

Date Approved

04/10/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

VELVET RESTAURANTS INC

Borrower Address

25 Sierra Vista Rd

Borrower City

SANTA BARBARA

Borrower State

CA

Borrower Zip

93108-1741

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

381300.00

Current Approval Amount

381300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

14858

Servicing Lender Name

Bank of Stockton

Servicing Lender Address

301 E Miner Ave

Servicing Lender City

STOCKTON

Servicing Lender State

CA

Servicing Lender Zip

95202-2501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SANTA BARBARA

Project County Name

SANTA BARBARA

Project State

CA

Project Zip

93108-1741

CD

CA-24

Jobs Reported

35

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20908.00

Payroll Proceed

318613.00

Mortgage Interest Proceed

0.00

Rent Proceed

27879.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13900.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

14858

Originating Lender

Bank of Stockton

Originating Lender City

STOCKTON

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

383744.50

Forgiveness Date

12/08/2020

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