PPP Loan information for Favorite foods inc.

$1,288,326

Favorite foods inc. was initially approved for PPP Loan of amount $1,288,326, the current approved amount is $1,288,326. The loan was approved on 02/02/2021 by The Reading Co-Operative Bank reported 50 jobs and $1,288,326 was used to fund payroll.

Favorite foods inc. is Existing or more than 2 years old

PPP Loan Search / NH / Somersworth / Favorite foods inc.

FAVORITE FOODS INC.

Date Approved

02/02/2021

SBA Office Code

0189

Processing Method

PPS

Borrower Name

FAVORITE FOODS INC.

Borrower Address

29 Interstate Dr

Borrower City

Somersworth

Borrower State

NH

Borrower Zip

03878-1210

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1288326.03

Current Approval Amount

1288326.03

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89358

Servicing Lender Name

Reading Co-Operative Bank

Servicing Lender Address

180 Haven St

Servicing Lender City

READING

Servicing Lender State

MA

Servicing Lender Zip

01867-2921

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Somersworth

Project County Name

STRAFFORD

Project State

NH

Project Zip

03878-1210

CD

NH-01

Jobs Reported

50

NAICS Code

722310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1288322.03

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

89358

Originating Lender

Reading Co-Operative Bank

Originating Lender City

READING

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1031478.95

Forgiveness Date

01/24/2022

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