PPP Loan information for Spinnerstown hotel inc.

$252,952

Spinnerstown hotel inc. was initially approved for PPP Loan of amount $252,952, the current approved amount is $252,952. The loan was approved on 01/25/2021 by The QNB Bank reported 22 jobs and $252,952 was used to fund payroll.

Spinnerstown hotel inc. is Existing or more than 2 years old

PPP Loan Search / PA / Quakertown / Spinnerstown hotel inc.

SPINNERSTOWN HOTEL INC.

Date Approved

01/25/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

SPINNERSTOWN HOTEL INC.

Borrower Address

2196 Spinnerstown Road

Borrower City

Quakertown

Borrower State

PA

Borrower Zip

18951

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

252952.00

Current Approval Amount

252952.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

62342

Servicing Lender Name

QNB Bank

Servicing Lender Address

15 N Third St

Servicing Lender City

QUAKERTOWN

Servicing Lender State

PA

Servicing Lender Zip

18951-1376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Quakertown

Project County Name

BUCKS

Project State

PA

Project Zip

18951

CD

PA-01

Jobs Reported

22

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

252947.00

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

62342

Originating Lender

QNB Bank

Originating Lender City

QUAKERTOWN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

256001.28

Forgiveness Date

04/20/2022

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