Wendy's of Downtown, Inc.

$491,000 PPP Loan in Westlake, Ohio

Loan Details

Loan Number
8442317008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$491,000
Current Approval
$491,000
Forgiveness Amount
$494,223
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Wendy's of Downtown, Inc.
Address
2510 Canterbury Rd
State
Ohio
ZIP Code
44145-4658
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Wendy's
Business Age
Existing or more than 2 years old
Jobs Reported
135
Estimated Revenue
$24.0M
Rural/Urban
Urban
Congressional District
OH-07

Loan Use Breakdown

Payroll
$368,250
Rent
$61,375
Utilities
$61,375

Lender Information

Servicing Lender
Lake Forest Bank & Trust Company, National Association
Originating Lender
Lake Forest Bank & Trust Company, National Association

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