PPP Loan information for Farouk systems inc

$7,329,662

Farouk systems inc was initially approved for PPP Loan of amount $7,329,662, the current approved amount is $7,329,662. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 500 jobs and $7,329,662 was used to fund payroll.

Farouk systems inc is New Business or 2 years or less

PPP Loan Search / TX / Houston / Farouk systems inc

FAROUK SYSTEMS INC

Date Approved

05/01/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

FAROUK SYSTEMS INC

Borrower Address

250 Pennbright Dr Ste 150

Borrower City

Houston

Borrower State

TX

Borrower Zip

77090

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7329662.00

Current Approval Amount

7329662.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Houston

Project County Name

HARRIS

Project State

TX

Project Zip

77090-1000

CD

TX-18

Jobs Reported

500

NAICS Code

325620

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7329662.00

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

Sole Proprietorship

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

7414404.94

Forgiveness Date

07/02/2021

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