Modern Foodservice LLC

$353,000 PPP Loan in South Padre Island, Texas

Loan Details

Loan Number
5563917003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$353,000
Current Approval
$353,000
Forgiveness Amount
$357,491
Forgiveness Date
Jul 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Foodservice LLC
Address
6700 Padre Blvd
State
Texas
ZIP Code
78597-7718
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (722511)
Franchise
Bar Louie
Business Age
New Business or 2 years or less
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-34

Loan Use Breakdown

Payroll
$265,000
Utilities
$88,000

Lender Information

Servicing Lender
International Bank of Commerce
Originating Lender
International Bank of Commerce

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