PPP Loan information for Colonial inn inc

$423,765

Colonial inn inc was initially approved for PPP Loan of amount $423,765, the current approved amount is $423,765. The loan was approved on 02/25/2021 by The Truist Bank reported 35 jobs and $423,765 was used to fund payroll.

Colonial inn inc is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Colonial inn inc

COLONIAL INN INC

Date Approved

02/25/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

COLONIAL INN INC

Borrower Address

2809 Atlantic Ave

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23451-3029

Loan Status Date

10/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

423764.50

Current Approval Amount

423764.50

Undisbursed Amount

0.00

Franchise Name

Kaia F.I.T.

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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Virginia Beach

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23451-3029

CD

VA-02

Jobs Reported

35

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

423760.50

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

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

425977.49

Forgiveness Date

09/07/2021

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