PPP Loan information for Reel inn inc.

$120,984

Reel inn inc. was initially approved for PPP Loan of amount $120,984, the current approved amount is $120,984. The loan was approved on 03/13/2021 by The Bank of Ocean City reported 74 jobs and $120,984 was used to fund payroll.

Reel inn inc. is Existing or more than 2 years old

PPP Loan Search / MD / Ocean City / Reel inn inc.

REEL INN INC.

Date Approved

03/13/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

REEL INN INC.

Borrower Address

419 14th St Unit 66

Borrower City

Ocean City

Borrower State

MD

Borrower Zip

21842-7426

Loan Status Date

05/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

120984.00

Current Approval Amount

120984.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30804

Servicing Lender Name

Bank of Ocean City

Servicing Lender Address

10005 Golf Course Rd

Servicing Lender City

OCEAN CITY

Servicing Lender State

MD

Servicing Lender Zip

21842-9700

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

21842-7426

CD

MD-01

Jobs Reported

74

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

120980.00

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

Subchapter S Corporation

Originating Lender Location Id

30804

Originating Lender

Bank of Ocean City

Originating Lender City

OCEAN CITY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

122270.08

Forgiveness Date

04/15/2022

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