PPP Loan information for Mccoy restaurants inc

$74,568

Mccoy restaurants inc was initially approved for PPP Loan of amount $74,568, the current approved amount is $74,568. The loan was approved on 02/06/2021 by The The Bank of Elk River reported 11 jobs and $74,568 was used to fund payroll.

Mccoy restaurants inc is Existing or more than 2 years old

PPP Loan Search / MN / Elk River / Mccoy restaurants inc

MCCOY RESTAURANTS INC

Date Approved

02/06/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MCCOY RESTAURANTS INC

Borrower Address

651 Main St NW

Borrower City

Elk River

Borrower State

MN

Borrower Zip

55330-1502

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

74568.00

Current Approval Amount

74568.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38030

Servicing Lender Name

The Bank of Elk River

Servicing Lender Address

630 Main St

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1503

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elk River

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-1502

CD

MN-06

Jobs Reported

11

NAICS Code

722511

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

74565.00

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

38030

Originating Lender

The Bank of Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

75240.13

Forgiveness Date

01/06/2022

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