PPP Loan information for Solomons inn joint venture

$648,564

Solomons inn joint venture was initially approved for PPP Loan of amount $648,564, the current approved amount is $648,564. The loan was approved on 02/06/2021 by The Community Bank of the Chesapeake reported 28 jobs and $648,564 was used to fund payroll.

Solomons inn joint venture is Existing or more than 2 years old

SOLOMONS INN JOINT VENTURE

Date Approved

02/06/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

SOLOMONS INN JOINT VENTURE

Borrower Address

155 Holiday Dr

Borrower City

Solomons

Borrower State

MD

Borrower Zip

20688-3150

Loan Status Date

02/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

648564.00

Current Approval Amount

648564.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121705

Servicing Lender Name

Community Bank of the Chesapeake

Servicing Lender Address

3035 Leonardtown Rd PO Box 38

Servicing Lender City

Waldorf

Servicing Lender State

MD

Servicing Lender Zip

20601

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Solomons

Project County Name

CALVERT

Project State

MD

Project Zip

20688-3150

CD

MD-05

Jobs Reported

28

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

648562.00

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

121705

Originating Lender

Community Bank of the Chesapeake

Originating Lender City

Waldorf

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

654374.42

Forgiveness Date

01/06/2022

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