PPP Loan information for Gro restaurant group inc

$2,000,000

Gro restaurant group inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 04/28/2021 by The Loan Source Incorporated reported 439 jobs and $2,000,000 was used to fund payroll.

Gro restaurant group inc is Existing or more than 2 years old

PPP Loan Search / NC / Winston Salem / Gro restaurant group inc

GRO RESTAURANT GROUP INC

Date Approved

04/28/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

GRO RESTAURANT GROUP INC

Borrower Address

3816 Forrestgate Dr Ste C

Borrower City

Winston Salem

Borrower State

NC

Borrower Zip

27103-2929

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Golden Corral

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Winston Salem

Project County Name

FORSYTH

Project State

NC

Project Zip

27103-2929

CD

NC-05

Jobs Reported

439

NAICS Code

722514

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

Subchapter S Corporation

Originating Lender Location Id

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2012986.30

Forgiveness Date

12/30/2021

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