PPP Loan information for Lotus hotels inc.

$87,500

Lotus hotels inc. was initially approved for PPP Loan of amount $87,500, the current approved amount is $87,500. The loan was approved on 04/06/2020 by The The MINT National Bank reported 12 jobs and $87,500 was used to fund payroll.

Lotus hotels inc. is Existing or more than 2 years old

PPP Loan Search / PA / NEW KENSINGTON / Lotus hotels inc.

LOTUS HOTELS INC.

Date Approved

04/06/2020

SBA Office Code

0358

Processing Method

PPP

Borrower Name

LOTUS HOTELS INC.

Borrower Address

300 Tarentum Bridge Road

Borrower City

NEW KENSINGTON

Borrower State

PA

Borrower Zip

15068-4628

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87500.00

Current Approval Amount

87500.00

Undisbursed Amount

0.00

Franchise Name

Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels

Servicing Lender Location Id

461163

Servicing Lender Name

The MINT National Bank

Servicing Lender Address

1213 Kingwood Dr

Servicing Lender City

KINGWOOD

Servicing Lender State

TX

Servicing Lender Zip

77339-3035

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEW KENSINGTON

Project County Name

WESTMORELAND

Project State

PA

Project Zip

15068-4628

CD

PA-14

Jobs Reported

12

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

87500.00

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

Corporation

Originating Lender Location Id

461163

Originating Lender

The MINT National Bank

Originating Lender City

KINGWOOD

Originating Lender State

TX

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

78013.84

Forgiveness Date

12/09/2020

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