PPP Loan information for Sail to prevail

$53,288

Sail to prevail was initially approved for PPP Loan of amount $53,288, the current approved amount is $53,288. The loan was approved on 01/28/2021 by The BankNewport reported 11 jobs and $53,288 was used to fund payroll.

Sail to prevail is Existing or more than 2 years old

PPP Loan Search / RI / Newport / Sail to prevail

SAIL TO PREVAIL

Date Approved

01/28/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

SAIL TO PREVAIL

Borrower Address

86 Thames St

Borrower City

Newport

Borrower State

RI

Borrower Zip

02840-2542

Loan Status Date

04/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

53287.50

Current Approval Amount

53287.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport

Project County Name

NEWPORT

Project State

RI

Project Zip

02840-2542

CD

RI-01

Jobs Reported

11

NAICS Code

624120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

53287.50

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

Non-Profit Organization

Originating Lender Location Id

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

53896.29

Forgiveness Date

03/28/2022

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