PPP Loan information for Ara hospitality

$172,181

Ara hospitality was initially approved for PPP Loan of amount $172,181, the current approved amount is $172,181. The loan was approved on 03/20/2021 by The Truist Bank reported 30 jobs and $172,181 was used to fund payroll.

Ara hospitality is Existing or more than 2 years old

PPP Loan Search / NC / Durham / Ara hospitality

ARA HOSPITALITY

Date Approved

03/20/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

ARA HOSPITALITY

Borrower Address

2945 S Miami Blvd Ste 128129

Borrower City

Durham

Borrower State

NC

Borrower Zip

27703-8024

Loan Status Date

04/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

172181.00

Current Approval Amount

172181.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27703-8024

CD

NC-04

Jobs Reported

30

NAICS Code

722511

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

172177.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

173936.29

Forgiveness Date

03/25/2022

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