PPP Loan information for Young rembrandts franchise, inc.

$138,375

Young rembrandts franchise, inc. was initially approved for PPP Loan of amount $138,300, the current approved amount is $138,375. The loan was approved on 04/05/2020 by The Schaumburg Bank & Trust Company, National Association reported 16 jobs and $138,375 was used to fund payroll.

Young rembrandts franchise, inc. is Existing or more than 2 years old

PPP Loan Search / IL / ELGIN / Young rembrandts franchise, inc.

YOUNG REMBRANDTS FRANCHISE, INC.

Date Approved

04/05/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

YOUNG REMBRANDTS FRANCHISE, INC.

Borrower Address

23 N UNION ST

Borrower City

ELGIN

Borrower State

IL

Borrower Zip

60123-5334

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

138300.00

Current Approval Amount

138375.00

Undisbursed Amount

0.00

Franchise Name

Young Rembrandts

Servicing Lender Location Id

222507

Servicing Lender Name

Schaumburg Bank & Trust Company, National Association

Servicing Lender Address

1180 E Higgins Rd

Servicing Lender City

SCHAUMBURG

Servicing Lender State

IL

Servicing Lender Zip

60173-4709

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELGIN

Project County Name

KANE

Project State

IL

Project Zip

60123-5334

CD

IL-08

Jobs Reported

16

NAICS Code

611699

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13837.50

Payroll Proceed

103781.25

Mortgage Interest Proceed

20756.25

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

222507

Originating Lender

Schaumburg Bank & Trust Company, National Association

Originating Lender City

SCHAUMBURG

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

139335.94

Forgiveness Date

12/22/2020

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