PPP Loan information for Majestic hotel corp

$543,500

Majestic hotel corp was initially approved for PPP Loan of amount $543,500, the current approved amount is $543,500. The loan was approved on 04/30/2020 by The City National Bank of Florida reported 59 jobs and $543,500 was used to fund payroll.

Majestic hotel corp is Existing or more than 2 years old

PPP Loan Search / FL / MIAMI BEACH / Majestic hotel corp

MAJESTIC HOTEL CORP

Date Approved

04/30/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

MAJESTIC HOTEL CORP

Borrower Address

700 OCEAN DR

Borrower City

MIAMI BEACH

Borrower State

FL

Borrower Zip

33139-6220

Loan Status Date

01/21/2022

Loan Status

Charged Off

Term

2

SBA Guaranty Percentage

100

Initial Approval Amount

543500.00

Current Approval Amount

543500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

17124

Servicing Lender Name

City National Bank of Florida

Servicing Lender Address

100 SE 2nd St

Servicing Lender City

MIAMI

Servicing Lender State

FL

Servicing Lender Zip

33131

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIAMI BEACH

Project County Name

MIAMI-DADE

Project State

FL

Project Zip

33139-6220

CD

FL-24

Jobs Reported

59

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

135875.00

Payroll Proceed

407625.00

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

Subchapter S Corporation

Originating Lender Location Id

17124

Originating Lender

City National Bank of Florida

Originating Lender City

MIAMI

Originating Lender State

FL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

388583.99

Forgiveness Date

08/20/2021

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