PPP Loan information for Wellington hotel company inc

$2,893,400

Wellington hotel company inc was initially approved for PPP Loan of amount $2,893,400, the current approved amount is $2,893,400. The loan was approved on 04/13/2020 by The Coastal States Bank reported 54 jobs and $2,893,400 was used to fund payroll.

Wellington hotel company inc is Existing or more than 2 years old

PPP Loan Search / NY / NEW YORK / Wellington hotel company inc

WELLINGTON HOTEL COMPANY INC

Date Approved

04/13/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

WELLINGTON HOTEL COMPANY INC

Borrower Address

871 7TH AVE

Borrower City

NEW YORK

Borrower State

NY

Borrower Zip

10019-3830

Loan Status Date

06/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2893400.00

Current Approval Amount

2893400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

382926

Servicing Lender Name

Coastal States Bank

Servicing Lender Address

5 Bow Circle

Servicing Lender City

HILTON HEAD ISLAND

Servicing Lender State

SC

Servicing Lender Zip

29928-7344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW YORK

Project County Name

NEW YORK

Project State

NY

Project Zip

10019-3830

CD

NY-12

Jobs Reported

54

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

144670.00

Payroll Proceed

2170050.00

Mortgage Interest Proceed

0.00

Rent Proceed

578680.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

382926

Originating Lender

Coastal States Bank

Originating Lender City

HILTON HEAD ISLAND

Originating Lender State

SC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2349895.50

Forgiveness Date

09/22/2021

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