PPP Loan information for Il forno restaurant inc

$388,931

Il forno restaurant inc was initially approved for PPP Loan of amount $388,931, the current approved amount is $388,931. The loan was approved on 01/20/2021 by The Avidia Bank reported 48 jobs and $388,931 was used to fund payroll.

Il forno restaurant inc is Existing or more than 2 years old

PPP Loan Search / MA / Lunenburg / Il forno restaurant inc

IL FORNO RESTAURANT INC

Date Approved

01/20/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

IL FORNO RESTAURANT INC

Borrower Address

494 Electric Ave

Borrower City

Lunenburg

Borrower State

MA

Borrower Zip

01462-2538

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

388930.50

Current Approval Amount

388930.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32883

Servicing Lender Name

Avidia Bank

Servicing Lender Address

42 Main St

Servicing Lender City

HUDSON

Servicing Lender State

MA

Servicing Lender Zip

01749-2123

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lunenburg

Project County Name

WORCESTER

Project State

MA

Project Zip

01462-2538

CD

MA-03

Jobs Reported

48

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

388930.50

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

32883

Originating Lender

Avidia Bank

Originating Lender City

HUDSON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

390831.94

Forgiveness Date

07/23/2021

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