PPP Loan information for Chesapeake inn, inc.

$834,012

Chesapeake inn, inc. was initially approved for PPP Loan of amount $834,012, the current approved amount is $834,012. The loan was approved on 04/13/2020 by The Manufacturers and Traders Trust Company reported 145 jobs and $834,012 was used to fund payroll.

Chesapeake inn, inc. is Existing or more than 2 years old

PPP Loan Search / MD / CHESAPEAKE CITY / Chesapeake inn, inc.

CHESAPEAKE INN, INC.

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

CHESAPEAKE INN, INC.

Borrower Address

605 2nd St

Borrower City

CHESAPEAKE CITY

Borrower State

MD

Borrower Zip

21915-1220

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

834012.00

Current Approval Amount

834012.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE CITY

Project County Name

CECIL

Project State

MD

Project Zip

21915-1220

CD

MD-01

Jobs Reported

145

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

65000.00

Payroll Proceed

597512.00

Mortgage Interest Proceed

67500.00

Rent Proceed

68500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

28000.00

Debt Interest Proceed

7500

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

840318.50

Forgiveness Date

01/20/2021

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