Faa Enterprises INC

$432,600 PPP Loan in Ames, Iowa

Loan Details

Loan Number
2880517208
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$432,600
Current Approval
$432,600
Forgiveness Amount
$435,700
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Faa Enterprises INC
Address
2825 E 13th St
City
Ames
State
Iowa
ZIP Code
50010-8616
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Burger King
Business Age
Existing or more than 2 years old
Jobs Reported
97
Estimated Revenue
$17.2M
Rural/Urban
Urban
Congressional District
IA-04

Loan Use Breakdown

Payroll
$362,600
Rent
$15,000
Utilities
$20,000
Health Care
$10,000
Mortgage Interest
$25,000

Lender Information

Servicing Lender
Clear Lake Bank & Trust Company
Originating Lender
Clear Lake Bank & Trust Company

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