PPP Loan information for Embers restaurant inc the

$588,000

Embers restaurant inc the was initially approved for PPP Loan of amount $588,000, the current approved amount is $588,000. The loan was approved on 03/10/2021 by The Bank of America, National Association reported 48 jobs and $588,000 was used to fund payroll.

Embers restaurant inc the is Existing or more than 2 years old

PPP Loan Search / MD / Ocean City / Embers restaurant inc the

EMBERS RESTAURANT INC THE

Date Approved

03/10/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

EMBERS RESTAURANT INC THE

Borrower Address

2305 Philadelphia Ave

Borrower City

Ocean City

Borrower State

MD

Borrower Zip

21842-3555

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

588000.00

Current Approval Amount

588000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ocean City

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-3555

CD

MD-01

Jobs Reported

48

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

587995.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

594105.53

Forgiveness Date

03/31/2022

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