PPP Loan information for Welcome hotel group

$160,475

Welcome hotel group was initially approved for PPP Loan of amount $160,475, the current approved amount is $160,475. The loan was approved on 02/12/2021 by The The Honesdale National Bank reported 22 jobs and $160,475 was used to fund payroll.

Welcome hotel group is Existing or more than 2 years old

PPP Loan Search / PA / Stroudsburg / Welcome hotel group

WELCOME HOTEL GROUP

Date Approved

02/12/2021

SBA Office Code

0303

Processing Method

PPS

Borrower Name

WELCOME HOTEL GROUP

Borrower Address

1863 W Main St

Borrower City

Stroudsburg

Borrower State

PA

Borrower Zip

18360-1054

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

160475.35

Current Approval Amount

160475.35

Undisbursed Amount

0.00

Franchise Name

Holiday Inn Express (License Agreement)

Servicing Lender Location Id

60376

Servicing Lender Name

The Honesdale National Bank

Servicing Lender Address

733 Main St

Servicing Lender City

HONESDALE

Servicing Lender State

PA

Servicing Lender Zip

18431-1844

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Stroudsburg

Project County Name

MONROE

Project State

PA

Project Zip

18360-1054

CD

PA-08

Jobs Reported

22

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

160472.35

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

60376

Originating Lender

The Honesdale National Bank

Originating Lender City

HONESDALE

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

161817.10

Forgiveness Date

12/15/2021

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