PPP Loan information for Park south hotel llc

$1,291,894

Park south hotel llc was initially approved for PPP Loan of amount $1,291,894, the current approved amount is $1,291,894. The loan was approved on 03/25/2021 by The BankNewport reported 124 jobs and $1,291,894 was used to fund payroll.

Park south hotel llc is Existing or more than 2 years old

PPP Loan Search / RI / Newport / Park south hotel llc

PARK SOUTH HOTEL LLC

Date Approved

03/25/2021

SBA Office Code

0165

Processing Method

PPP

Borrower Name

PARK SOUTH HOTEL LLC

Borrower Address

Christies Landing

Borrower City

Newport

Borrower State

RI

Borrower Zip

02840

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1291894.10

Current Approval Amount

1291894.10

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport

Project County Name

NEWPORT

Project State

RI

Project Zip

02840

CD

RI-01

Jobs Reported

124

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1291889.10

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 Company(LLC)

Originating Lender Location Id

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

524189.32

Forgiveness Date

07/13/2022

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