PPP Loan information for Motel hotel associates inc

$921,596

Motel hotel associates inc was initially approved for PPP Loan of amount $921,596, the current approved amount is $921,596. The loan was approved on 02/24/2021 by The Old Dominion National Bank reported 40 jobs and $921,596 was used to fund payroll.

Motel hotel associates inc is Existing or more than 2 years old

PPP Loan Search / CT / Danbury / Motel hotel associates inc

MOTEL HOTEL ASSOCIATES INC

Date Approved

02/24/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

MOTEL HOTEL ASSOCIATES INC

Borrower Address

7 Kenosia Ave Ste 2A

Borrower City

Danbury

Borrower State

CT

Borrower Zip

06810-7396

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

921595.50

Current Approval Amount

921595.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

448691

Servicing Lender Name

Old Dominion National Bank

Servicing Lender Address

4916 Plank Rd

Servicing Lender City

NORTH GARDEN

Servicing Lender State

VA

Servicing Lender Zip

22959-1613

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Danbury

Project County Name

FAIRFIELD

Project State

CT

Project Zip

06810-7396

CD

CT-05

Jobs Reported

40

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

921588.50

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

448691

Originating Lender

Old Dominion National Bank

Originating Lender City

NORTH GARDEN

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

932679.90

Forgiveness Date

05/24/2022

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