PPP Loan information for Newtown motel associates l.c.

$227,563

Newtown motel associates l.c. was initially approved for PPP Loan of amount $227,563, the current approved amount is $227,563. The loan was approved on 03/01/2021 by The Atlantic Union Bank reported 40 jobs and $227,563 was used to fund payroll.

Newtown motel associates l.c. is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / Newtown motel associates l.c.

NEWTOWN MOTEL ASSOCIATES L.C.

Date Approved

03/01/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

NEWTOWN MOTEL ASSOCIATES L.C.

Borrower Address

1564 Crossways BLVD 1564 Crossways BLVD

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23320

Loan Status Date

02/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

227563.00

Current Approval Amount

227563.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chesapeake

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23320

CD

VA-02

Jobs Reported

40

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

227563.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

229547.86

Forgiveness Date

01/19/2022

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