PPP Loan information for Mg hotel spe llc

$2,266,200

Mg hotel spe llc was initially approved for PPP Loan of amount $2,266,200, the current approved amount is $2,266,200. The loan was approved on 04/27/2020 by The Valley National Bank reported 117 jobs and $2,266,200 was used to fund payroll.

Mg hotel spe llc is Existing or more than 2 years old

PPP Loan Search / NY / NEW YORK / Mg hotel spe llc

MG HOTEL SPE LLC

Date Approved

04/27/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

MG HOTEL SPE LLC

Borrower Address

214 W 39TH ST

Borrower City

NEW YORK

Borrower State

NY

Borrower Zip

10018-4404

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2266200.00

Current Approval Amount

2266200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW YORK

Project County Name

NEW YORK

Project State

NY

Project Zip

10018-4404

CD

NY-12

Jobs Reported

117

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

113310.00

Payroll Proceed

1699650.00

Mortgage Interest Proceed

453240.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2305858.50

Forgiveness Date

01/28/2022

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