PPP Loan information for Mercedes restaurants inc.

$1,893,073

Mercedes restaurants inc. was initially approved for PPP Loan of amount $1,893,073, the current approved amount is $1,893,073. The loan was approved on 01/20/2021 by The Bank of Farmington reported 118 jobs and $1,893,073 was used to fund payroll.

Mercedes restaurants inc. is Existing or more than 2 years old

PPP Loan Search / IL / Peoria / Mercedes restaurants inc.

MERCEDES RESTAURANTS INC.

Date Approved

01/20/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

MERCEDES RESTAURANTS INC.

Borrower Address

2402 W Nebraska Ave

Borrower City

Peoria

Borrower State

IL

Borrower Zip

61604-3112

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1893073.00

Current Approval Amount

1893073.00

Undisbursed Amount

0.00

Franchise Name

Famous Dave's

Servicing Lender Location Id

21372

Servicing Lender Name

Bank of Farmington

Servicing Lender Address

16 N Main St

Servicing Lender City

FARMINGTON

Servicing Lender State

IL

Servicing Lender Zip

61531-1233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Peoria

Project County Name

PEORIA

Project State

IL

Project Zip

61604-3112

CD

IL-17

Jobs Reported

118

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1893070.00

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

21372

Originating Lender

Bank of Farmington

Originating Lender City

FARMINGTON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1903446.00

Forgiveness Date

08/16/2021

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