PPP Loan information for Rachana hospitality

$42,473

Rachana hospitality was initially approved for PPP Loan of amount $42,473, the current approved amount is $42,473. The loan was approved on 01/28/2021 by The Sturgis Bank & Trust Company reported 4 jobs and $42,473 was used to fund payroll.

Rachana hospitality is Existing or more than 2 years old

PPP Loan Search / MI / Stevensville / Rachana hospitality

RACHANA HOSPITALITY

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RACHANA HOSPITALITY

Borrower Address

4290 Red Arrow Hwy

Borrower City

Stevensville

Borrower State

MI

Borrower Zip

49127-8303

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42472.50

Current Approval Amount

42472.50

Undisbursed Amount

0.00

Franchise Name

Super 8 by Wyndhan

Servicing Lender Location Id

79717

Servicing Lender Name

Sturgis Bank & Trust Company

Servicing Lender Address

113-125 E Chicago Rd

Servicing Lender City

STURGIS

Servicing Lender State

MI

Servicing Lender Zip

49091-1754

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Stevensville

Project County Name

BERRIEN

Project State

MI

Project Zip

49127-8303

CD

MI-06

Jobs Reported

4

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

42470.50

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

79717

Originating Lender

Sturgis Bank & Trust Company

Originating Lender City

STURGIS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42718.03

Forgiveness Date

08/30/2021

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