PPP Loan information for Newport city motel corporation

$69,121

Newport city motel corporation was initially approved for PPP Loan of amount $69,121, the current approved amount is $69,121. The loan was approved on 04/09/2020 by The Woodsville Guaranty Savings Bank reported 12 jobs and $69,121 was used to fund payroll.

Newport city motel corporation is Existing or more than 2 years old

PPP Loan Search / VT / NEWPORT / Newport city motel corporation

NEWPORT CITY MOTEL CORPORATION

Date Approved

04/09/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

NEWPORT CITY MOTEL CORPORATION

Borrower Address

444 E MAIN ST

Borrower City

NEWPORT

Borrower State

VT

Borrower Zip

05855-5827

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

69121.32

Current Approval Amount

69121.32

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

43179

Servicing Lender Name

Woodsville Guaranty Savings Bank

Servicing Lender Address

63 Central St

Servicing Lender City

WOODSVILLE

Servicing Lender State

NH

Servicing Lender Zip

03785-1007

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

ORLEANS

Project State

VT

Project Zip

05855-5827

CD

VT-

Jobs Reported

12

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1912.32

Payroll Proceed

62209.00

Mortgage Interest Proceed

5000.00

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

43179

Originating Lender

Woodsville Guaranty Savings Bank

Originating Lender City

WOODSVILLE

Originating Lender State

NH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

69549.49

Forgiveness Date

11/25/2020

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