PPP Loan information for Forest city hotel llc

$56,426

Forest city hotel llc was initially approved for PPP Loan of amount $56,426, the current approved amount is $56,426. The loan was approved on 03/10/2021 by The American Pride Bank reported 14 jobs and $56,426 was used to fund payroll.

Forest city hotel llc is Existing or more than 2 years old

PPP Loan Search / NC / Forest City / Forest city hotel llc

FOREST CITY HOTEL LLC

Date Approved

03/10/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

FOREST CITY HOTEL LLC

Borrower Address

164 Jameson Inn Dr

Borrower City

Forest City

Borrower State

NC

Borrower Zip

28043-7694

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

56426.00

Current Approval Amount

56426.00

Undisbursed Amount

0.00

Franchise Name

Baymont by Wyndham aka Baymont Inn & Suites

Servicing Lender Location Id

452636

Servicing Lender Name

American Pride Bank

Servicing Lender Address

4740 Log Cabin Dr

Servicing Lender City

MACON

Servicing Lender State

GA

Servicing Lender Zip

31204-6319

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Forest City

Project County Name

RUTHERFORD

Project State

NC

Project Zip

28043-7694

CD

NC-10

Jobs Reported

14

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

56422.00

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

452636

Originating Lender

American Pride Bank

Originating Lender City

MACON

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

56631.61

Forgiveness Date

07/27/2021

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