PPP Loan information for Formosa restaurant inc

$59,123

Formosa restaurant inc was initially approved for PPP Loan of amount $59,123, the current approved amount is $59,123. The loan was approved on 04/28/2020 by The Builtwell Bank reported 25 jobs and $59,123 was used to fund payroll.

Formosa restaurant inc is Existing or more than 2 years old

PPP Loan Search / TN / HIXSON / Formosa restaurant inc

FORMOSA RESTAURANT INC

Date Approved

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

FORMOSA RESTAURANT INC

Borrower Address

5425 HIGHWAY 153

Borrower City

HIXSON

Borrower State

TN

Borrower Zip

37343-3781

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

59123.45

Current Approval Amount

59123.45

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67085

Servicing Lender Name

Builtwell Bank

Servicing Lender Address

728 Broad St

Servicing Lender City

CHATTANOOGA

Servicing Lender State

TN

Servicing Lender Zip

37402-1801

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HIXSON

Project County Name

HAMILTON

Project State

TN

Project Zip

37343-3781

CD

TN-03

Jobs Reported

25

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

59123.45

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

Subchapter S Corporation

Originating Lender Location Id

67085

Originating Lender

Builtwell Bank

Originating Lender City

CHATTANOOGA

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

59527.46

Forgiveness Date

01/07/2021

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