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Family Tradition Restaurant

$53,245 PPP Loan in Cloquet, Minnesota

Loan Details

Loan Number
5879447207
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$53,245
Current Approval
$53,245
Forgiveness Amount
$53,629
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Family Tradition Restaurant
Address
816 Sunnyside Dr
City
Cloquet
State
Minnesota
ZIP Code
55720
Business Type
Partnership
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Unanswered
Jobs Reported
29
Estimated Revenue
$5.1M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$39,934
Utilities
$5,325
Mortgage Interest
$7,987

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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