PPP Loan information for Newport hotel group, llc

$515,000

Newport hotel group, llc was initially approved for PPP Loan of amount $515,000, the current approved amount is $515,000. The loan was approved on 04/04/2020 by The Centreville Bank reported 38 jobs and $515,000 was used to fund payroll.

Newport hotel group, llc is Existing or more than 2 years old

PPP Loan Search / RI / MIDDLETOWN / Newport hotel group, llc

NEWPORT HOTEL GROUP, LLC

Date Approved

04/04/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

NEWPORT HOTEL GROUP, LLC

Borrower Address

28 Jacome Way

Borrower City

MIDDLETOWN

Borrower State

RI

Borrower Zip

02842-5679

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

515000.00

Current Approval Amount

515000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65795

Servicing Lender Name

Centreville Bank

Servicing Lender Address

1218 Main St

Servicing Lender City

WEST WARWICK

Servicing Lender State

RI

Servicing Lender Zip

02893-4827

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDDLETOWN

Project County Name

NEWPORT

Project State

RI

Project Zip

02842-5679

CD

RI-01

Jobs Reported

38

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

386250.00

Mortgage Interest Proceed

0.00

Rent Proceed

128750.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

65795

Originating Lender

Centreville Bank

Originating Lender City

WEST WARWICK

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

521294.44

Forgiveness Date

06/29/2021

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