Federal Center Hotel Associates LLC

$2,000,000 PPP Loan in Bethesda, Maryland

Loan Details

Loan Number
1761258310
Date Approved
Jan 19, 2021
Loan Status
Exemption 4
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$1,728,155
Forgiveness Date
Sep 29, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Federal Center Hotel Associates LLC
Address
7101 Wisconsin Ave Ste 700
ZIP Code
20814-4814
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Holiday Inn
Business Age
Existing or more than 2 years old
Jobs Reported
220
Estimated Revenue
$68.8M
Rural/Urban
Urban
Congressional District
MD-08

Loan Use Breakdown

Payroll
$1,999,994
Utilities
$1

Lender Information

Servicing Lender
The National Capital Bank of Washington
Originating Lender
The National Capital Bank of Washington

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