PPP Loan information for Mccormicks family restaurants inc.

$256,398

Mccormicks family restaurants inc. was initially approved for PPP Loan of amount $256,398, the current approved amount is $256,398. The loan was approved on 01/17/2021 by The Citizens Bank & Trust Co reported 28 jobs and $256,398 was used to fund payroll.

Mccormicks family restaurants inc. is Existing or more than 2 years old

PPP Loan Search / MN / Hutchinson / Mccormicks family restaurants inc.

MCCORMICKS FAMILY RESTAURANTS INC.

Date Approved

01/17/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MCCORMICKS FAMILY RESTAURANTS INC.

Borrower Address

1102 Highway 15 S

Borrower City

Hutchinson

Borrower State

MN

Borrower Zip

55350-3120

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

256397.96

Current Approval Amount

256397.96

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38252

Servicing Lender Name

Citizens Bank & Trust Co

Servicing Lender Address

102 Main St S

Servicing Lender City

HUTCHINSON

Servicing Lender State

MN

Servicing Lender Zip

55350-2575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hutchinson

Project County Name

MCLEOD

Project State

MN

Project Zip

55350-3120

CD

MN-07

Jobs Reported

28

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

256392.96

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

38252

Originating Lender

Citizens Bank & Trust Co

Originating Lender City

HUTCHINSON

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

257732.63

Forgiveness Date

08/09/2021

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