Karl's Family Restaurant, Inc.

$370,800 PPP Loan in Plymouth, Michigan

Loan Details

Loan Number
5039667200
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$370,800
Current Approval
$370,800
Forgiveness Amount
$373,437
Forgiveness Date
Jan 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Karl's Family Restaurant, Inc.
Address
9779 N. Territorial Rd
ZIP Code
48170-5045
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$9.9M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$296,642
Mortgage Interest
$74,158

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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