Famc

$140,200 PPP Loan in Ames, Iowa

Loan Details

Loan Number
4534807001
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$140,200
Current Approval
$140,200
Forgiveness Amount
$141,777
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Famc
Address
525 Gilchrist Ave
City
Ames
State
Iowa
ZIP Code
50010-3356
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Culver's Butterburgers & Frozen Custard
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$5.7M
Rural/Urban
Urban
Congressional District
IA-04

Loan Use Breakdown

Payroll
$105,225
Rent
$10,000
Utilities
$10,000
Debt Interest
$14,975

Lender Information

Servicing Lender
First Citizens Bank
Originating Lender
First Citizens Bank

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