PPP Loan information for Southgate hospitality, inc.

$309,500

Southgate hospitality, inc. was initially approved for PPP Loan of amount $309,500, the current approved amount is $309,500. The loan was approved on 04/10/2020 by The First National Bank of Michigan reported 52 jobs and $309,500 was used to fund payroll.

Southgate hospitality, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SOUTHGATE / Southgate hospitality, inc.

SOUTHGATE HOSPITALITY, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOUTHGATE HOSPITALITY, INC.

Borrower Address

17201 NORTHLINE RD

Borrower City

SOUTHGATE

Borrower State

MI

Borrower Zip

48195-2336

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

309500.00

Current Approval Amount

309500.00

Undisbursed Amount

0.00

Franchise Name

Holiday Inn

Servicing Lender Location Id

440800

Servicing Lender Name

First National Bank of Michigan

Servicing Lender Address

348 W Michigan Ave

Servicing Lender City

KALAMAZOO

Servicing Lender State

MI

Servicing Lender Zip

49007-3755

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTHGATE

Project County Name

WAYNE

Project State

MI

Project Zip

48195-2336

CD

MI-13

Jobs Reported

52

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

309500.00

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

Subchapter S Corporation

Originating Lender Location Id

440800

Originating Lender

First National Bank of Michigan

Originating Lender City

KALAMAZOO

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

312654.36

Forgiveness Date

04/26/2021

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