Sonic Drive-In of Iola, Kans, LLC

$92,600 PPP Loan in Iola, Kansas

Loan Details

Loan Number
4570547003
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$92,600
Current Approval
$92,600
Forgiveness Amount
$93,390
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sonic Drive-In of Iola, Kans, LLC
Address
301 W Madison Ave
City
Iola
State
Kansas
ZIP Code
66749-3227
Business Type
Partnership
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Sonic
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$6.4M
Rural/Urban
Rural
Congressional District
KS-02

Loan Use Breakdown

Payroll
$74,080
Rent
$4,630
Utilities
$4,630
Mortgage Interest
$9,260

Lender Information

Servicing Lender
Community National Bank & Trust
Originating Lender
Community National Bank & Trust

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