Herb's Place

$450,000 PPP Loan in Goleta, California

Loan Details

Loan Number
6433487110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$450,000
Current Approval
$450,000
Forgiveness Amount
$453,304
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Herb's Place
Address
146 S Fairview Ave
City
Goleta
ZIP Code
93117-3322
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Franchise
Mcdonalds
Business Age
Existing or more than 2 years old
Jobs Reported
90
Estimated Revenue
$16.0M
Rural/Urban
Urban
Congressional District
CA-24

Loan Use Breakdown

Payroll
$360,000
Rent
$46,900
Utilities
$25,000
Health Care
$14,500
Mortgage Interest
$3,600

Lender Information

Servicing Lender
Montecito Bank & Trust
Originating Lender
Montecito Bank & Trust

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