Sonic Drive-In, Arab, Alabama, L.l.c.

$80,183 PPP Loan in Arab, Alabama

Loan Details

Loan Number
7599387000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$80,183
Current Approval
$80,183
Forgiveness Amount
$80,922
Forgiveness Date
Mar 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sonic Drive-In, Arab, Alabama, L.l.c.
Address
431 N Main
City
Arab
State
Alabama
ZIP Code
35016-1238
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Sonic
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$88.8M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$65,000
Rent
$10,000
Utilities
$5,183

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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