CHELOS STEAKHOUSE INC (RI) - 2020 PPP Loan Borrower Profile (# 1642238704)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHELOS STEAKHOUSE INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Rhode Island.

Loan Detail

Loan Number

1642238704

SBA Office Code

0165

Processing Method

PPS

Curent Loan Amount

$452,400

Date Loan was Approved

Mar 27, 2021

Amount Forgiven

$455,709.34

Date Loan was Forgiven

Jan 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

452,395

Lender

Citizens Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

Greenville, RI

Project Location

Greenville, RI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.