Faam Enterprises INC
$778,700 PPP Loan in Ames, Iowa
Loan Details
- Loan Number
- 2891047204
- Date Approved
- Apr 16, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $778,700
- Current Approval
- $778,700
- Forgiveness Amount
- $784,281
- Forgiveness Date
- Jan 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Faam 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 (722511)
- Franchise
- Ihop
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 182
- Estimated Revenue
- $32.3M
- Rural/Urban
- Urban
- Congressional District
- IA-04
Loan Use Breakdown
- Payroll
- $616,100
- Rent
- $76,100
- Utilities
- $32,700
- Health Care
- $7,400
- Mortgage Interest
- $46,400
Lender Information
- Servicing Lender
- Clear Lake Bank & Trust Company
- Originating Lender
- Clear Lake Bank & Trust Company
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|---|---|---|
| Mainstream Living, INC | $3,229,002 |  Research |
| Story Construction Co | $2,477,012 | Research |
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