PPP Loan information for Preferred hotel group inc.

$2,000,000

Preferred hotel group inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Sunwest Bank reported 149 jobs and $2,000,000 was used to fund payroll.

Preferred hotel group inc. is Existing or more than 2 years old

PPP Loan Search / CA / Newport Beach / Preferred hotel group inc.

PREFERRED HOTEL GROUP INC.

Date Approved

01/23/2021

SBA Office Code

0920

Processing Method

PPS

Borrower Name

PREFERRED HOTEL GROUP INC.

Borrower Address

23 Corporate Plaza Dr Ste 190

Borrower City

Newport Beach

Borrower State

CA

Borrower Zip

92660-7943

Loan Status Date

05/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

14926

Servicing Lender Name

Sunwest Bank

Servicing Lender Address

10011 Centennial Pkwy, Ste 450

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newport Beach

Project County Name

ORANGE

Project State

CA

Project Zip

92660-7943

CD

CA-47

Jobs Reported

149

NAICS Code

541618

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

14926

Originating Lender

Sunwest Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2023726.03

Forgiveness Date

04/08/2022

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