PPP Loan information for Outerbank hotel llc

$170,000

Outerbank hotel llc was initially approved for PPP Loan of amount $170,000, the current approved amount is $170,000. The loan was approved on 02/01/2021 by The TowneBank reported 17 jobs and $170,000 was used to fund payroll.

Outerbank hotel llc is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / Outerbank hotel llc

OUTERBANK HOTEL LLC

Date Approved

02/01/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

OUTERBANK HOTEL LLC

Borrower Address

2434 Gum Rd

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23321-1510

Loan Status Date

03/27/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

170000.00

Current Approval Amount

170000.00

Undisbursed Amount

0.00

Franchise Name

Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

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

23321-1510

CD

VA-03

Jobs Reported

17

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

169998.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

172115.56

Forgiveness Date

05/05/2022

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