PPP Loan information for Arcs restaurant management inc

$2,065,200

Arcs restaurant management inc was initially approved for PPP Loan of amount $2,065,200, the current approved amount is $2,065,200. The loan was approved on 04/14/2020 by The Bank of Hope reported 456 jobs and $2,065,200 was used to fund payroll.

Arcs restaurant management inc is Existing or more than 2 years old

PPP Loan Search / CA / GARDEN GROVE / Arcs restaurant management inc

ARCS RESTAURANT MANAGEMENT INC

Date Approved

04/14/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

ARCS RESTAURANT MANAGEMENT INC

Borrower Address

11162 BOWLES AVE

Borrower City

GARDEN GROVE

Borrower State

CA

Borrower Zip

92841-1602

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2065200.00

Current Approval Amount

2065200.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

110359

Servicing Lender Name

Bank of Hope

Servicing Lender Address

3200 Wilshire Blvd 1st Fl

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90010

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GARDEN GROVE

Project County Name

ORANGE

Project State

CA

Project Zip

92841-1602

CD

CA-45

Jobs Reported

456

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2065200.00

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

Corporation

Originating Lender Location Id

110359

Originating Lender

Bank of Hope

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2088737.62

Forgiveness Date

06/11/2021

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