PPP Loan information for Island hotel properties inc.

$290,255

Island hotel properties inc. was initially approved for PPP Loan of amount $290,255, the current approved amount is $290,255. The loan was approved on 03/12/2021 by The Atlantic Union Bank reported 47 jobs and $290,255 was used to fund payroll.

Island hotel properties inc. is Existing or more than 2 years old

PPP Loan Search / MD / Ocean City / Island hotel properties inc.

ISLAND HOTEL PROPERTIES INC.

Date Approved

03/12/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

ISLAND HOTEL PROPERTIES INC.

Borrower Address

4301 Coastal Highway 4301 Coastal Highway

Borrower City

Ocean City

Borrower State

MD

Borrower Zip

21842

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

290255.00

Current Approval Amount

290255.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

R

Hubzone Indicator

N

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

CD

MD-01

Jobs Reported

47

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

290255.00

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

Subchapter S Corporation

Originating Lender Location Id

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

291972.34

Forgiveness Date

10/25/2021

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