PPP Loan information for Gervais street hotel llc

$390,040

Gervais street hotel llc was initially approved for PPP Loan of amount $390,040, the current approved amount is $390,040. The loan was approved on 03/12/2021 by The Truist Bank reported 70 jobs and $390,040 was used to fund payroll.

Gervais street hotel llc is Existing or more than 2 years old

PPP Loan Search / NC / Greensboro / Gervais street hotel llc

GERVAIS STREET HOTEL LLC

Date Approved

03/12/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

GERVAIS STREET HOTEL LLC

Borrower Address

2011 Veasley St

Borrower City

Greensboro

Borrower State

NC

Borrower Zip

27407-4637

Loan Status Date

03/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

390040.00

Current Approval Amount

390040.00

Undisbursed Amount

0.00

Franchise Name

BRANDING IRON BBQ (COL MUZZY'S)

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

Greensboro

Project County Name

GUILFORD

Project State

NC

Project Zip

27407-4637

CD

NC-06

Jobs Reported

70

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

390035.00

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

393680.37

Forgiveness Date

02/17/2022

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