PPP Loan information for Southgate hospitality inc.

$433,405

Southgate hospitality inc. was initially approved for PPP Loan of amount $433,405, the current approved amount is $433,405. The loan was approved on 03/24/2021 by The First National Bank of Michigan reported 23 jobs and $433,405 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

03/24/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SOUTHGATE HOSPITALITY INC.

Borrower Address

17201 Northline Rd

Borrower City

Southgate

Borrower State

MI

Borrower Zip

48195-2336

Loan Status Date

04/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

433405.00

Current Approval Amount

433405.00

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

23

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

433402.00

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

437620.31

Forgiveness Date

03/16/2022

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