PPP Loan information for Bakers ribs inc

$352,994

Bakers ribs inc was initially approved for PPP Loan of amount $352,994, the current approved amount is $352,994. The loan was approved on 04/14/2020 by The Veritex Community Bank reported 48 jobs and $352,994 was used to fund payroll.

Bakers ribs inc is Existing or more than 2 years old

BAKERS RIBS INC

Date Approved

04/14/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

BAKERS RIBS INC

Borrower Address

488 W Interstate 30

Borrower City

GARLAND

Borrower State

TX

Borrower Zip

75043

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

352994.17

Current Approval Amount

352994.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

368915

Servicing Lender Name

Veritex Community Bank

Servicing Lender Address

8214 Westchester Dr Ste 800

Servicing Lender City

Dallas

Servicing Lender State

TX

Servicing Lender Zip

75225

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GARLAND

Project County Name

DALLAS

Project State

TX

Project Zip

75043-0900

CD

TX-05

Jobs Reported

48

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18000.00

Payroll Proceed

282395.34

Mortgage Interest Proceed

8799.41

Rent Proceed

8799.42

Refinance EIDL Proceed

0.00

Health Care Proceed

35000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

368915

Originating Lender

Veritex Community Bank

Originating Lender City

Dallas

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

355740.75

Forgiveness Date

01/26/2021

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