PPP Loan information for Lpb-oc hotel limited partnership

$1,784,867

Lpb-oc hotel limited partnership was initially approved for PPP Loan of amount $1,833,055, the current approved amount is $1,784,867. The loan was approved on 01/23/2021 by The Calvin B. Taylor Banking Company reported 165 jobs and $1,784,867 was used to fund payroll.

Lpb-oc hotel limited partnership is Existing or more than 2 years old

PPP Loan Search / MD / Ocean City / Lpb-oc hotel limited partnership

LPB-OC HOTEL LIMITED PARTNERSHIP

Date Approved

01/23/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

LPB-OC HOTEL LIMITED PARTNERSHIP

Borrower Address

10100 Coastal Hwy

Borrower City

Ocean City

Borrower State

MD

Borrower Zip

21842-2619

Loan Status Date

10/02/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1833055.00

Current Approval Amount

1784866.51

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30471

Servicing Lender Name

Calvin B. Taylor Banking Company

Servicing Lender Address

24 N Main St

Servicing Lender City

BERLIN

Servicing Lender State

MD

Servicing Lender Zip

21811-1029

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

21842-2619

CD

MD-01

Jobs Reported

165

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1784863.51

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 Partnership

Originating Lender Location Id

30471

Originating Lender

Calvin B. Taylor Banking Company

Originating Lender City

BERLIN

Originating Lender State

MD

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1794744.40

Forgiveness Date

08/25/2021

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