PPP Loan information for 25th street development of ocean city, llc

Date Approved

04/09/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

25TH STREET DEVELOPMENT OF OCEAN CITY, LLC

Borrower Address

2501 PHILADELPHIA AVE

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-3435

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

171339.72

Current Approval Amount

171339.72

Undisbursed Amount

0.00

Franchise Name

Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott

Servicing Lender Location Id

121508

Servicing Lender Name

CFG Community Bank

Servicing Lender Address

1422 Clarkview Rd

Servicing Lender City

BALTIMORE

Servicing Lender State

MD

Servicing Lender Zip

21209-2385

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OCEAN CITY

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-3435

CD

MD-01

Jobs Reported

22

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

171339.72

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

121508

Originating Lender

CFG Community Bank

Originating Lender City

BALTIMORE

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

172462.95

Forgiveness Date

12/09/2020