PPP Loan information for Rapids hotels llc

$44,726

Rapids hotels llc was initially approved for PPP Loan of amount $44,726, the current approved amount is $44,726. The loan was approved on 01/27/2021 by The Providence Bank reported 10 jobs and $44,726 was used to fund payroll.

Rapids hotels llc is Existing or more than 2 years old

PPP Loan Search / NC / Selma / Rapids hotels llc

RAPIDS HOTELS LLC

Date Approved

01/27/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

RAPIDS HOTELS LLC

Borrower Address

1780 Outlet Center Dr

Borrower City

Selma

Borrower State

NC

Borrower Zip

27576-3455

Loan Status Date

12/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

44726.00

Current Approval Amount

44726.00

Undisbursed Amount

0.00

Franchise Name

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels

Servicing Lender Location Id

438379

Servicing Lender Name

Providence Bank

Servicing Lender Address

450 N Winstead Ave

Servicing Lender City

ROCKY MOUNT

Servicing Lender State

NC

Servicing Lender Zip

27804-2229

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Selma

Project County Name

JOHNSTON

Project State

NC

Project Zip

27576-3455

CD

NC-13

Jobs Reported

10

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

44724.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

438379

Originating Lender

Providence Bank

Originating Lender City

ROCKY MOUNT

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

45077.68

Forgiveness Date

11/17/2021

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