Straits Restaurant, Inc.

$219,250 PPP Loan in Mundelein, Illinois

Loan Details

Loan Number
9620827104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$219,250
Current Approval
$219,250
Forgiveness Amount
$222,137
Forgiveness Date
Aug 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Straits Restaurant, Inc.
Address
890 E US Highway 45
ZIP Code
60060-4612
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$5.7M
Rural/Urban
Urban
Congressional District
IL-10

Loan Use Breakdown

Payroll
$176,250
Rent
$30,000
Utilities
$13,000

Lender Information

Servicing Lender
Time Bank
Originating Lender
Time Bank

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