PPP Loan information for Ocean ranch motel corporation

$425,400

Ocean ranch motel corporation was initially approved for PPP Loan of amount $425,400, the current approved amount is $425,400. The loan was approved on 02/10/2021 by The First-Citizens Bank & Trust Company reported 47 jobs and $425,400 was used to fund payroll.

Ocean ranch motel corporation is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Ocean ranch motel corporation

OCEAN RANCH MOTEL CORPORATION

Date Approved

02/10/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

OCEAN RANCH MOTEL CORPORATION

Borrower Address

3107 Atlantic Ave

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23451-2934

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

425400.00

Current Approval Amount

425400.00

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Virginia Beach

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23451-2934

CD

VA-02

Jobs Reported

47

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

425397.00

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

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

429269.39

Forgiveness Date

01/11/2022

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