PPP Loan information for Newport center hotel llc

$2,923,778

Newport center hotel llc was initially approved for PPP Loan of amount $2,923,778, the current approved amount is $2,923,778. The loan was approved on 04/27/2021 by The Farmers & Merchants Bank of Long Beach reported 382 jobs and $2,923,778 was used to fund payroll.

Newport center hotel llc is Existing or more than 2 years old

PPP Loan Search / CA / Newport Beach / Newport center hotel llc

NEWPORT CENTER HOTEL LLC

Date Approved

04/27/2021

SBA Office Code

0920

Processing Method

PPP

Borrower Name

NEWPORT CENTER HOTEL LLC

Borrower Address

900 Newport Center Dr

Borrower City

Newport Beach

Borrower State

CA

Borrower Zip

92660-6206

Loan Status Date

07/02/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2923777.50

Current Approval Amount

2923777.50

Undisbursed Amount

0.00

Franchise Name

Marriott/JW Marriott

Servicing Lender Location Id

5479

Servicing Lender Name

Farmers & Merchants Bank of Long Beach

Servicing Lender Address

302 Pine Ave

Servicing Lender City

LONG BEACH

Servicing Lender State

CA

Servicing Lender Zip

90802-2326

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport Beach

Project County Name

ORANGE

Project State

CA

Project Zip

92660-6206

CD

CA-47

Jobs Reported

382

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

2923771.50

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

Limited Liability Company(LLC)

Originating Lender Location Id

5479

Originating Lender

Farmers & Merchants Bank of Long Beach

Originating Lender City

LONG BEACH

Originating Lender State

CA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2948769.79

Forgiveness Date

05/11/2022

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