PPP Loan information for Arc hotel group, llc

$74,500

Arc hotel group, llc was initially approved for PPP Loan of amount $74,500, the current approved amount is $74,500. The loan was approved on 04/13/2020 by The Truist Bank reported 20 jobs and $74,500 was used to fund payroll.

Arc hotel group, llc is Existing or more than 2 years old

PPP Loan Search / GA / CORDELE / Arc hotel group, llc

ARC HOTEL GROUP, LLC

Date Approved

04/13/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

ARC HOTEL GROUP, LLC

Borrower Address

1102 ARC Way Drive

Borrower City

CORDELE

Borrower State

GA

Borrower Zip

31015-5300

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

74500.00

Current Approval Amount

74500.00

Undisbursed Amount

0.00

Franchise Name

Holiday Inn Express (License Agreement)

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CORDELE

Project County Name

CRISP

Project State

GA

Project Zip

31015-5300

CD

GA-08

Jobs Reported

20

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

74500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

75091.86

Forgiveness Date

02/09/2021

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