PPP Loan information for Surf inn of ocean city, inc

$113,138

Surf inn of ocean city, inc was initially approved for PPP Loan of amount $113,138, the current approved amount is $113,138. The loan was approved on 04/15/2020 by The The Farmers Bank of Willards reported 8 jobs and $113,138 was used to fund payroll.

Surf inn of ocean city, inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Surf inn of ocean city, inc

SURF INN OF OCEAN CITY, INC

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SURF INN OF OCEAN CITY, INC

Borrower Address

216 N BALTIMORE AVE

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-4021

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

113137.50

Current Approval Amount

113137.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30926

Servicing Lender Name

The Farmers Bank of Willards

Servicing Lender Address

7484 Market St

Servicing Lender City

WILLARDS

Servicing Lender State

MD

Servicing Lender Zip

21874-1232

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

21842-4021

CD

MD-01

Jobs Reported

8

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14142.20

Payroll Proceed

84854.00

Mortgage Interest Proceed

14141.30

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

30926

Originating Lender

The Farmers Bank of Willards

Originating Lender City

WILLARDS

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

114011.17

Forgiveness Date

01/26/2021

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