PPP Loan information for Albemarle hospitality inc

$208,500

Albemarle hospitality inc was initially approved for PPP Loan of amount $208,500, the current approved amount is $208,500. The loan was approved on 04/04/2020 by The The First Bank and Trust Company reported 45 jobs and $208,500 was used to fund payroll.

Albemarle hospitality inc is Existing or more than 2 years old

PPP Loan Search / VA / STAUNTON / Albemarle hospitality inc

ALBEMARLE HOSPITALITY INC

Date Approved

04/04/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ALBEMARLE HOSPITALITY INC

Borrower Address

2815 N Augusta St STE B

Borrower City

STAUNTON

Borrower State

VA

Borrower Zip

24401-2532

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

208500.00

Current Approval Amount

208500.00

Undisbursed Amount

0.00

Franchise Name

Homewood Suites by Hilton

Servicing Lender Location Id

73510

Servicing Lender Name

The First Bank and Trust Company

Servicing Lender Address

359 W Main St

Servicing Lender City

LEBANON

Servicing Lender State

VA

Servicing Lender Zip

24266

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STAUNTON

Project County Name

STAUNTON CITY

Project State

VA

Project Zip

24401-2532

CD

VA-06

Jobs Reported

45

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

208500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

73510

Originating Lender

The First Bank and Trust Company

Originating Lender City

LEBANON

Originating Lender State

VA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

210509.71

Forgiveness Date

04/01/2021

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