PPP Loan information for Wendy's of downtown, inc.

$491,000

Wendy's of downtown, inc. was initially approved for PPP Loan of amount $491,000, the current approved amount is $491,000. The loan was approved on 04/08/2020 by The Lake Forest Bank & Trust Company, National Association reported 135 jobs and $491,000 was used to fund payroll.

Wendy's of downtown, inc. is Existing or more than 2 years old

PPP Loan Search / OH / WESTLAKE / Wendy's of downtown, inc.

WENDY'S OF DOWNTOWN, INC.

Date Approved

04/08/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

WENDY'S OF DOWNTOWN, INC.

Borrower Address

2510 Canterbury Rd

Borrower City

WESTLAKE

Borrower State

OH

Borrower Zip

44145-4658

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

491000.00

Current Approval Amount

491000.00

Undisbursed Amount

0.00

Franchise Name

Wendy's

Servicing Lender Location Id

117732

Servicing Lender Name

Lake Forest Bank & Trust Company, National Association

Servicing Lender Address

727 N Bank Ln

Servicing Lender City

LAKE FOREST

Servicing Lender State

IL

Servicing Lender Zip

60045-1887

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WESTLAKE

Project County Name

CUYAHOGA

Project State

OH

Project Zip

44145-4658

CD

OH-07

Jobs Reported

135

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

61375.00

Payroll Proceed

368250.00

Mortgage Interest Proceed

0.00

Rent Proceed

61375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

117732

Originating Lender

Lake Forest Bank & Trust Company, National Association

Originating Lender City

LAKE FOREST

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

484139.86

Forgiveness Date

12/09/2020

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