PPP Loan information for Merion inn management inc.

$285,154

Merion inn management inc. was initially approved for PPP Loan of amount $285,154, the current approved amount is $285,154. The loan was approved on 03/09/2021 by The Sturdy Savings Bank reported 18 jobs and $285,154 was used to fund payroll.

Merion inn management inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Cape May / Merion inn management inc.

MERION INN MANAGEMENT INC.

Date Approved

03/09/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MERION INN MANAGEMENT INC.

Borrower Address

106 Decatur St Merion Inn Restaurant

Borrower City

Cape May

Borrower State

NJ

Borrower Zip

08204-1415

Loan Status Date

07/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

285154.06

Current Approval Amount

285154.06

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80115

Servicing Lender Name

Sturdy Savings Bank

Servicing Lender Address

9417 Third Ave

Servicing Lender City

STONE HARBOR

Servicing Lender State

NJ

Servicing Lender Zip

08247-1926

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cape May

Project County Name

CAPE MAY

Project State

NJ

Project Zip

08204-1415

CD

NJ-02

Jobs Reported

18

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

285148.06

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

80115

Originating Lender

Sturdy Savings Bank

Originating Lender City

STONE HARBOR

Originating Lender State

NJ

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

288908.59

Forgiveness Date

06/30/2022

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