PPP Loan information for Summit suburban hotel

$752,500

Summit suburban hotel was initially approved for PPP Loan of amount $752,500, the current approved amount is $752,500. The loan was approved on 03/05/2021 by The Loan Source Incorporated reported 90 jobs and $752,500 was used to fund payroll.

Summit suburban hotel is Existing or more than 2 years old

PPP Loan Search / NJ / Summit / Summit suburban hotel

SUMMIT SUBURBAN HOTEL

Date Approved

03/05/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

SUMMIT SUBURBAN HOTEL

Borrower Address

570 Springfield Ave

Borrower City

Summit

Borrower State

NJ

Borrower Zip

07901-4501

Loan Status Date

09/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

752500.00

Current Approval Amount

752500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Summit

Project County Name

UNION

Project State

NJ

Project Zip

07901-4501

CD

NJ-07

Jobs Reported

90

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

752497.00

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

80189

Originating Lender

Columbia Bank

Originating Lender City

FAIR LAWN

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

763220.55

Forgiveness Date

08/11/2022

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