PPP Loan information for Bab systems, inc.

$228,155

Bab systems, inc. was initially approved for PPP Loan of amount $228,155, the current approved amount is $228,155. The loan was approved on 04/28/2020 by The Lake Forest Bank & Trust Company, National Association reported 13 jobs and $228,155 was used to fund payroll.

Bab systems, inc. is Existing or more than 2 years old

PPP Loan Search / IL / DEERFIELD / Bab systems, inc.

BAB SYSTEMS, INC.

Date Approved

04/28/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

BAB SYSTEMS, INC.

Borrower Address

500 LAKE COOK RD STE 475

Borrower City

DEERFIELD

Borrower State

IL

Borrower Zip

60015-5240

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

228155.00

Current Approval Amount

228155.00

Undisbursed Amount

0.00

Franchise Name

Big Apple Bagels

Servicing Lender Location Id

117732

Servicing Lender Name

Lake Forest Bank & Trust Company, National Association

Servicing Lender Address

727 N Bank Ln

Servicing Lender City

LAKE FOREST

Servicing Lender State

IL

Servicing Lender Zip

60045-1887

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEERFIELD

Project County Name

LAKE

Project State

IL

Project Zip

60015-5240

CD

IL-10

Jobs Reported

13

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

22815.50

Payroll Proceed

171116.25

Mortgage Interest Proceed

17111.63

Rent Proceed

17111.62

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

117732

Originating Lender

Lake Forest Bank & Trust Company, National Association

Originating Lender City

LAKE FOREST

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

229555.62

Forgiveness Date

12/09/2020

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