ARCTIC CIRCLE RESTAURANTS, INC. (UT) - 2020 PPP Loan Borrower Profile (# 4900607001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCTIC CIRCLE RESTAURANTS, 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 Utah.

Loan Detail

Loan Number

4900607001

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$1,991,200

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$2,012,639.5

Date Loan was Forgiven

May 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

131,200

Payroll Proced

1,600,000

Rent Proceed

260,000

Lender

First Utah Bank

Business Detail

Business Type

Corporation

NAICS

722513

Borrower Location

WEST JORDAN, UT

Project Location

WEST JORDAN, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

500

Business Age Description

Existing or more than 2 years old

Data Source: SBA.