PPP Loan information for Sonic drive-in of somerville, inc.

$83,000

Sonic drive-in of somerville, inc. was initially approved for PPP Loan of amount $83,000, the current approved amount is $83,000. The loan was approved on 04/10/2020 by The Arvest Bank reported 31 jobs and $83,000 was used to fund payroll.

Sonic drive-in of somerville, inc. is Existing or more than 2 years old

PPP Loan Search / TN / SOMERVILLE / Sonic drive-in of somerville, inc.

SONIC DRIVE-IN OF SOMERVILLE, INC.

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SONIC DRIVE-IN OF SOMERVILLE, INC.

Borrower Address

16320 US HIGHWAY 64

Borrower City

SOMERVILLE

Borrower State

TN

Borrower Zip

38068-6152

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83000.00

Current Approval Amount

83000.00

Undisbursed Amount

0.00

Franchise Name

Sonic

Servicing Lender Location Id

4282

Servicing Lender Name

Arvest Bank

Servicing Lender Address

75 N East Ave

Servicing Lender City

FAYETTEVILLE

Servicing Lender State

AR

Servicing Lender Zip

72701-6171

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

FAYETTE

Project State

TN

Project Zip

38068-6152

CD

TN-08

Jobs Reported

31

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

83000.00

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

4282

Originating Lender

Arvest Bank

Originating Lender City

FAYETTEVILLE

Originating Lender State

AR

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

83613.28

Forgiveness Date

01/08/2021

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