PPP Loan information for Newport associates 2 llc

$232,500

Newport associates 2 llc was initially approved for PPP Loan of amount $232,500, the current approved amount is $232,500. The loan was approved on 01/28/2021 by The TowneBank reported 40 jobs and $232,500 was used to fund payroll.

Newport associates 2 llc is Existing or more than 2 years old

PPP Loan Search / VA / Newport News / Newport associates 2 llc

NEWPORT ASSOCIATES 2 LLC

Date Approved

01/28/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

NEWPORT ASSOCIATES 2 LLC

Borrower Address

180 Regal Way

Borrower City

Newport News

Borrower State

VA

Borrower Zip

23602-9446

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

232500.00

Current Approval Amount

232500.00

Undisbursed Amount

0.00

Franchise Name

Hilton Garden Inn

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newport News

Project County Name

NEWPORT NEWS CITY

Project State

VA

Project Zip

23602-9446

CD

VA-03

Jobs Reported

40

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

232496.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

235451.46

Forgiveness Date

05/11/2022

;