PPP Loan information for Franchise management services inc

$857,200

Franchise management services inc was initially approved for PPP Loan of amount $857,200, the current approved amount is $857,200. The loan was approved on 04/07/2020 by The Truist Bank reported 78 jobs and $857,200 was used to fund payroll.

Franchise management services inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Franchise management services inc

FRANCHISE MANAGEMENT SERVICES INC

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

FRANCHISE MANAGEMENT SERVICES INC

Borrower Address

9919 Golf Course Road

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-9515

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

857200.00

Current Approval Amount

857200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

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

21842-9515

CD

MD-01

Jobs Reported

78

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

857200.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

862390.82

Forgiveness Date

11/25/2020

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