PPP Loan information for Dearborn elite hotels inc.

$318,069

Dearborn elite hotels inc. was initially approved for PPP Loan of amount $318,069, the current approved amount is $318,069. The loan was approved on 02/26/2021 by The First National Bank of Michigan reported 35 jobs and $318,069 was used to fund payroll.

Dearborn elite hotels inc. is Existing or more than 2 years old

PPP Loan Search / MI / Dearborn / Dearborn elite hotels inc.

DEARBORN ELITE HOTELS INC.

Date Approved

02/26/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DEARBORN ELITE HOTELS INC.

Borrower Address

24105 Michigan Ave

Borrower City

Dearborn

Borrower State

MI

Borrower Zip

48124-1801

Loan Status Date

03/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

318069.00

Current Approval Amount

318069.00

Undisbursed Amount

0.00

Franchise Name

Staybridge Suites

Servicing Lender Location Id

440800

Servicing Lender Name

First National Bank of Michigan

Servicing Lender Address

348 W Michigan Ave

Servicing Lender City

KALAMAZOO

Servicing Lender State

MI

Servicing Lender Zip

49007-3755

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dearborn

Project County Name

WAYNE

Project State

MI

Project Zip

48124-1801

CD

MI-12

Jobs Reported

35

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

318066.00

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

440800

Originating Lender

First National Bank of Michigan

Originating Lender City

KALAMAZOO

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

321031.83

Forgiveness Date

02/07/2022

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