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
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