PPP Loan information for Lotus hospitality

$76,100

Lotus hospitality was initially approved for PPP Loan of amount $76,100, the current approved amount is $76,100. The loan was approved on 04/29/2020 by The Peoples Bank reported 16 jobs and $76,100 was used to fund payroll.

Lotus hospitality is Existing or more than 2 years old

PPP Loan Search / AL / TUSCALOOSA / Lotus hospitality

LOTUS HOSPITALITY

Date Approved

04/29/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

LOTUS HOSPITALITY

Borrower Address

651 SKYLAND BLVD E

Borrower City

TUSCALOOSA

Borrower State

AL

Borrower Zip

35405-4036

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76100.00

Current Approval Amount

76100.00

Undisbursed Amount

0.00

Franchise Name

Candlewood Suites

Servicing Lender Location Id

39596

Servicing Lender Name

Peoples Bank

Servicing Lender Address

160 E Maud Ave

Servicing Lender City

MENDENHALL

Servicing Lender State

MS

Servicing Lender Zip

39114-3575

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TUSCALOOSA

Project County Name

TUSCALOOSA

Project State

AL

Project Zip

35405-4036

CD

AL-07

Jobs Reported

16

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

76100.00

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

39596

Originating Lender

Peoples Bank

Originating Lender City

MENDENHALL

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

76602.47

Forgiveness Date

01/08/2021

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