PPP Loan information for Budget luxury inn of traverse city lp

$311,300

Budget luxury inn of traverse city lp was initially approved for PPP Loan of amount $311,300, the current approved amount is $311,300. The loan was approved on 04/27/2021 by The State Savings Bank reported 28 jobs and $311,300 was used to fund payroll.

Budget luxury inn of traverse city lp is Existing or more than 2 years old

PPP Loan Search / MI / Traverse City / Budget luxury inn of traverse city lp

BUDGET LUXURY INN OF TRAVERSE CITY LP

Date Approved

04/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

BUDGET LUXURY INN OF TRAVERSE CITY LP

Borrower Address

1825 E Eighth St

Borrower City

Traverse City

Borrower State

MI

Borrower Zip

49686-3502

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

311300.00

Current Approval Amount

311300.00

Undisbursed Amount

0.00

Franchise Name

Country Inn & Suites by Radisson

Servicing Lender Location Id

34939

Servicing Lender Name

State Savings Bank

Servicing Lender Address

703 Main St

Servicing Lender City

FRANKFORT

Servicing Lender State

MI

Servicing Lender Zip

49635-9030

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Traverse City

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49686-3502

CD

MI-01

Jobs Reported

28

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

311298.00

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

Partnership

Originating Lender Location Id

34939

Originating Lender

State Savings Bank

Originating Lender City

FRANKFORT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

312792.53

Forgiveness Date

10/25/2021

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