PPP Loan information for R&w motel of somerset inc.

$99,656

R&w motel of somerset inc. was initially approved for PPP Loan of amount $99,656, the current approved amount is $99,656. The loan was approved on 01/21/2021 by The Somerset Trust Company reported 11 jobs and $99,656 was used to fund payroll.

R&w motel of somerset inc. is Existing or more than 2 years old

PPP Loan Search / PA / Somerset / R&w motel of somerset inc.

R&W MOTEL OF SOMERSET INC.

Date Approved

01/21/2021

SBA Office Code

0358

Processing Method

PPS

Borrower Name

R&W MOTEL OF SOMERSET INC.

Borrower Address

202 Harmon St

Borrower City

Somerset

Borrower State

PA

Borrower Zip

15501-1071

Loan Status Date

05/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

99656.00

Current Approval Amount

99656.00

Undisbursed Amount

0.00

Franchise Name

Comfort Inn by Choice Hotels/Comfort Inn & Suites by Choice Hotels

Servicing Lender Location Id

65337

Servicing Lender Name

Somerset Trust Company

Servicing Lender Address

151 W Main St

Servicing Lender City

SOMERSET

Servicing Lender State

PA

Servicing Lender Zip

15501-2041

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Somerset

Project County Name

SOMERSET

Project State

PA

Project Zip

15501-1071

CD

PA-14

Jobs Reported

11

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

99652.00

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

65337

Originating Lender

Somerset Trust Company

Originating Lender City

SOMERSET

Originating Lender State

PA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

100903.75

Forgiveness Date

05/02/2022

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