Honarmand Restaurants INC

$869,150 PPP Loan in Frederick, Maryland

Loan Details

Loan Number
5060307202
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$869,150
Current Approval
$869,150
Forgiveness Amount
$874,555
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Honarmand Restaurants INC
Address
3435 Basford Rd
ZIP Code
21703
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
230
Estimated Revenue
$40.8M
Rural/Urban
Urban
Congressional District
MD-06

Loan Use Breakdown

Payroll
$629,363
Rent
$125,873
Utilities
$67,132
Health Care
$16,783
Debt Interest
$30,000

Lender Information

Servicing Lender
American Express National Bank
Originating Lender
American Express National Bank

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