Picasso Cafe, Inc.

$877,724 PPP Loan in Ann Arbor, Michigan

Loan Details

Loan Number
2542057710
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$877,724
Current Approval
$877,724
Forgiveness Amount
$887,855
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Picasso Cafe, Inc.
Address
24 Frank Lloyd Wright Dr
ZIP Code
48105
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
166
Estimated Revenue
$29.5M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$759,353
Rent
$77,070
Utilities
$6,109
Health Care
$35,192

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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