PPP Loan information for Preferred hotels group, inc.

$3,838,918

Preferred hotels group, inc. was initially approved for PPP Loan of amount $3,838,918, the current approved amount is $3,838,918. The loan was approved on 04/10/2020 by The Sunwest Bank reported 310 jobs and $3,838,918 was used to fund payroll.

Preferred hotels group, inc. is Existing or more than 2 years old

PPP Loan Search / CA / NEWPORT BEACH / Preferred hotels group, inc.

PREFERRED HOTELS GROUP, INC.

Date Approved

04/10/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

PREFERRED HOTELS GROUP, INC.

Borrower Address

23 Corporate Plaza Dr Suite 190

Borrower City

NEWPORT BEACH

Borrower State

CA

Borrower Zip

92660-7904

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3838918.00

Current Approval Amount

3838918.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

14926

Servicing Lender Name

Sunwest Bank

Servicing Lender Address

10011 Centennial Pkwy, Ste 450

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

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

92660-7904

CD

CA-47

Jobs Reported

310

NAICS Code

561599

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3838918.00

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

Corporation

Originating Lender Location Id

14926

Originating Lender

Sunwest Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3882145.27

Forgiveness Date

06/09/2021

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