PPP Loan information for Cbc restaurant corp.

$10,000,000

Cbc restaurant corp. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $10,000,000. The loan was approved on 02/17/2021 by The Meridian Bank reported 300 jobs and $10,000,000 was used to fund payroll.

Cbc restaurant corp. is Existing or more than 2 years old

PPP Loan Search / PA / Newtown / Cbc restaurant corp.

CBC RESTAURANT CORP.

Date Approved

02/17/2021

SBA Office Code

0303

Processing Method

PPP

Borrower Name

CBC RESTAURANT CORP.

Borrower Address

121 Friends Ln Ste 301

Borrower City

Newtown

Borrower State

PA

Borrower Zip

18940-1897

Loan Status Date

10/19/2022

Loan Status

Charged Off

Term

38

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378591

Servicing Lender Name

Meridian Bank

Servicing Lender Address

9 Old Lincoln Hwy

Servicing Lender City

MALVERN

Servicing Lender State

PA

Servicing Lender Zip

19355-2551

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newtown

Project County Name

BUCKS

Project State

PA

Project Zip

18940-1897

CD

PA-01

Jobs Reported

300

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

9999998.00

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

378591

Originating Lender

Meridian Bank

Originating Lender City

MALVERN

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

8511224.14

Forgiveness Date

07/13/2022

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