PPP Loan information for Sharcon hotel management & development company

$262,494

Sharcon hotel management & development company was initially approved for PPP Loan of amount $262,494, the current approved amount is $262,494. The loan was approved on 02/23/2021 by The Sandy Spring Bank reported 9 jobs and $262,494 was used to fund payroll.

Sharcon hotel management & development company is Existing or more than 2 years old

PPP Loan Search / MD / Germantown / Sharcon hotel management & development company

SHARCON HOTEL MANAGEMENT & DEVELOPMENT COMPANY

Date Approved

02/23/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

SHARCON HOTEL MANAGEMENT & DEVELOPMENT COMPANY

Borrower Address

19829 Executive Park Cir

Borrower City

Germantown

Borrower State

MD

Borrower Zip

20874-2650

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

262494.00

Current Approval Amount

262494.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Germantown

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20874-2650

CD

MD-06

Jobs Reported

9

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

262493.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

264550.80

Forgiveness Date

12/08/2021

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