PPP Loan information for Salem hotel a inc

$83,642

Salem hotel a inc was initially approved for PPP Loan of amount $83,642, the current approved amount is $83,642. The loan was approved on 02/01/2021 by The The Farmers National Bank of Canfield reported 7 jobs and $83,642 was used to fund payroll.

Salem hotel a inc is Existing or more than 2 years old

PPP Loan Search / OH / Salem / Salem hotel a inc

SALEM HOTEL A INC

Date Approved

02/01/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

SALEM HOTEL A INC

Borrower Address

240 Cunningham Rd

Borrower City

Salem

Borrower State

OH

Borrower Zip

44460-9477

Loan Status Date

01/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

83642.12

Current Approval Amount

83642.12

Undisbursed Amount

0.00

Franchise Name

Holiday Inn Express (License Agreement)

Servicing Lender Location Id

53390

Servicing Lender Name

The Farmers National Bank of Canfield

Servicing Lender Address

20 S Broad St

Servicing Lender City

Canfield

Servicing Lender State

OH

Servicing Lender Zip

44406-1401

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Salem

Project County Name

COLUMBIANA

Project State

OH

Project Zip

44460-9477

CD

OH-06

Jobs Reported

7

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

83638.12

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

53390

Originating Lender

The Farmers National Bank of Canfield

Originating Lender City

Canfield

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

84355.40

Forgiveness Date

12/07/2021

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