PPP Loan information for Food service development, inc.

$103,000

Food service development, inc. was initially approved for PPP Loan of amount $103,000, the current approved amount is $103,000. The loan was approved on 04/04/2020 by The First State Bank reported 35 jobs and $103,000 was used to fund payroll.

Food service development, inc. is Existing or more than 2 years old

PPP Loan Search / IL / DECATUR / Food service development, inc.

FOOD SERVICE DEVELOPMENT, INC.

Date Approved

04/04/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

FOOD SERVICE DEVELOPMENT, INC.

Borrower Address

3120 N. Kandy Lane

Borrower City

DECATUR

Borrower State

IL

Borrower Zip

62526-2806

Loan Status Date

10/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

103000.00

Current Approval Amount

103000.00

Undisbursed Amount

0.00

Franchise Name

DQ Grill & Chill Operating Agreement (America Dairy Queen)

Servicing Lender Location Id

21955

Servicing Lender Name

First State Bank

Servicing Lender Address

706 Washington St

Servicing Lender City

MENDOTA

Servicing Lender State

IL

Servicing Lender Zip

61342-1628

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MACON

Project State

IL

Project Zip

62526-2806

CD

IL-13

Jobs Reported

35

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5150.00

Payroll Proceed

82400.00

Mortgage Interest Proceed

15450.00

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

21955

Originating Lender

First State Bank

Originating Lender City

MENDOTA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

100951.26

Forgiveness Date

12/09/2020

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