PPP Loan information for Farnam restaurants i llc

$1,177,100

Farnam restaurants i llc was initially approved for PPP Loan of amount $1,177,100, the current approved amount is $1,177,100. The loan was approved on 04/14/2020 by The Alerus Financial, National Association reported 175 jobs and $1,177,100 was used to fund payroll.

Farnam restaurants i llc is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Farnam restaurants i llc

FARNAM RESTAURANTS I LLC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FARNAM RESTAURANTS I LLC

Borrower Address

2751 Hennepin Ave S #241

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55408-1002

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1177100.00

Current Approval Amount

1177100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55408-1002

CD

MN-05

Jobs Reported

175

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

147100.00

Payroll Proceed

882900.00

Mortgage Interest Proceed

0.00

Rent Proceed

147100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1186484.10

Forgiveness Date

02/03/2021

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