PPP Loan information for 494 restaurants, inc.

$272,500

494 restaurants, inc. was initially approved for PPP Loan of amount $272,500, the current approved amount is $272,500. The loan was approved on 04/05/2020 by The Bremer Bank, National Association reported 57 jobs and $272,500 was used to fund payroll.

494 restaurants, inc. is Existing or more than 2 years old

PPP Loan Search / MN / PRIOR LAKE / 494 restaurants, inc.

494 RESTAURANTS, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

494 RESTAURANTS, INC.

Borrower Address

14187 Shady Beach Trail NE

Borrower City

PRIOR LAKE

Borrower State

MN

Borrower Zip

55372-1345

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

272500.00

Current Approval Amount

272500.00

Undisbursed Amount

0.00

Franchise Name

Culver's ButterBurgers & Frozen Custard

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PRIOR LAKE

Project County Name

SCOTT

Project State

MN

Project Zip

55372-1345

CD

MN-02

Jobs Reported

57

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

272500.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

275150.34

Forgiveness Date

03/31/2021

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