PPP Loan information for Relax inn

$7,500

Relax inn was initially approved for PPP Loan of amount $7,500, the current approved amount is $7,500. The loan was approved on 04/28/2020 by The Peoples Bank of the South reported 2 jobs and $7,500 was used to fund payroll.

Relax inn is Existing or more than 2 years old

PPP Loan Search / TN / NEWPORT / Relax inn

RELAX INN

Date Approved

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

RELAX INN

Borrower Address

HIGHWAY 25 70

Borrower City

NEWPORT

Borrower State

TN

Borrower Zip

37821-8050

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

7500.00

Current Approval Amount

7500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67138

Servicing Lender Name

Peoples Bank of the South

Servicing Lender Address

106 W Central Ave

Servicing Lender City

LA FOLLETTE

Servicing Lender State

TN

Servicing Lender Zip

37766-3569

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

COCKE

Project State

TN

Project Zip

37821-8050

CD

TN-01

Jobs Reported

2

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

375.00

Payroll Proceed

6750.00

Mortgage Interest Proceed

0.00

Rent Proceed

375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

67138

Originating Lender

Peoples Bank of the South

Originating Lender City

LA FOLLETTE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

5529.49

Forgiveness Date

11/12/2020

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