PPP Loan information for Rite hospitality inc

$25,500

Rite hospitality inc was initially approved for PPP Loan of amount $55,600, the current approved amount is $25,500. The loan was approved on 04/29/2020 by The American Commerce Bank, National Association reported 9 jobs and $25,500 was used to fund payroll.

Rite hospitality inc is Existing or more than 2 years old

PPP Loan Search / GA / DECATUR / Rite hospitality inc

RITE HOSPITALITY INC

Date Approved

04/29/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

RITE HOSPITALITY INC

Borrower Address

4300 Snapfinger Woods Dr

Borrower City

DECATUR

Borrower State

GA

Borrower Zip

30035

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55600.00

Current Approval Amount

25500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

398147

Servicing Lender Name

American Commerce Bank, National Association

Servicing Lender Address

400 US Hwy 27 By-Pass

Servicing Lender City

BREMEN

Servicing Lender State

GA

Servicing Lender Zip

30110-1973

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

DEKALB

Project State

GA

Project Zip

30035-1001

CD

GA-04

Jobs Reported

9

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

25500.00

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

398147

Originating Lender

American Commerce Bank, National Association

Originating Lender City

BREMEN

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

25764.21

Forgiveness Date

05/19/2021

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