PPP Loan information for I & b restaurant

$40,000

I & b restaurant was initially approved for PPP Loan of amount $40,000, the current approved amount is $40,000. The loan was approved on 05/08/2020 by The First Merchants Bank reported 18 jobs and $40,000 was used to fund payroll.

I & b restaurant is Existing or more than 2 years old

PPP Loan Search / MI / MONROE / I & b restaurant

I & B RESTAURANT

Date Approved

05/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

I & B RESTAURANT

Borrower Address

723 S MONROE ST

Borrower City

MONROE

Borrower State

MI

Borrower Zip

48161-1429

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40000.00

Current Approval Amount

40000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MONROE

Project County Name

MONROE

Project State

MI

Project Zip

48161-1429

CD

MI-05

Jobs Reported

18

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

40000.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

40382.47

Forgiveness Date

04/28/2021

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