PPP Loan information for Right way restaurants inc

$886,482

Right way restaurants inc was initially approved for PPP Loan of amount $886,482, the current approved amount is $886,482. The loan was approved on 04/12/2020 by The Southern States Bank reported 182 jobs and $886,482 was used to fund payroll.

Right way restaurants inc is Existing or more than 2 years old

PPP Loan Search / AL / Huntsville / Right way restaurants inc

RIGHT WAY RESTAURANTS INC

Date Approved

04/12/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

RIGHT WAY RESTAURANTS INC

Borrower Address

2105 Drake Ave SW

Borrower City

Huntsville

Borrower State

AL

Borrower Zip

35805-5107

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

886482.00

Current Approval Amount

886482.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

449992

Servicing Lender Name

Southern States Bank

Servicing Lender Address

615 Quintard Ave

Servicing Lender City

ANNISTON

Servicing Lender State

AL

Servicing Lender Zip

36201-5755

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Huntsville

Project County Name

MADISON

Project State

AL

Project Zip

35805-5107

CD

AL-05

Jobs Reported

182

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

886482.00

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

Subchapter S Corporation

Originating Lender Location Id

449992

Originating Lender

Southern States Bank

Originating Lender City

ANNISTON

Originating Lender State

AL

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

894545.34

Forgiveness Date

03/23/2021

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