PPP Loan information for Ocean front lounge inc

$607,145

Ocean front lounge inc was initially approved for PPP Loan of amount $607,145, the current approved amount is $607,145. The loan was approved on 03/17/2021 by The Bank Rhode Island reported 37 jobs and $607,145 was used to fund payroll.

Ocean front lounge inc is Existing or more than 2 years old

PPP Loan Search / RI / South Kingstown / Ocean front lounge inc

OCEAN FRONT LOUNGE INC

Date Approved

03/17/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

OCEAN FRONT LOUNGE INC

Borrower Address

895 Matunuck Beach Rd

Borrower City

South Kingstown

Borrower State

RI

Borrower Zip

02879-7049

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

607145.00

Current Approval Amount

607145.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120245

Servicing Lender Name

Bank Rhode Island

Servicing Lender Address

One Turks Head Place

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-2219

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Kingstown

Project County Name

WASHINGTON

Project State

RI

Project Zip

02879-7049

CD

RI-02

Jobs Reported

37

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

607138.00

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

120245

Originating Lender

Bank Rhode Island

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

611023.98

Forgiveness Date

11/10/2021

;