PPP Loan information for Velvet restaurants inc

$538,326

Velvet restaurants inc was initially approved for PPP Loan of amount $538,326, the current approved amount is $538,326. The loan was approved on 01/30/2021 by The Bank of Stockton reported 98 jobs and $538,326 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

01/30/2021

SBA Office Code

0914

Processing Method

PPS

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

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

538326.25

Current Approval Amount

538326.25

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

98

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

538324.25

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

14858

Originating Lender

Bank of Stockton

Originating Lender City

STOCKTON

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

541600.45

Forgiveness Date

09/15/2021

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