Formosa Hotel Inc.

$294,735 PPP Loan in Hermosa Beach, California

Loan Details

Loan Number
4592948405
Date Approved
Feb 6, 2021
Loan Status
Paid in Full
Initial Approval
$294,735
Current Approval
$294,735
Forgiveness Amount
$297,610
Forgiveness Date
Feb 2, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Formosa Hotel Inc.
Address
125 Pacific Coast Hwy
ZIP Code
90254-5356
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.3M
Rural/Urban
Urban
Congressional District
CA-36

Loan Use Breakdown

Payroll
$294,733
Utilities
$1

Lender Information

Servicing Lender
Cathay Bank
Originating Lender
Cathay Bank

Other PPP Loans in Hermosa Beach, CA

BusinessApproved
Carasmatic Productions INC$4,284,650NewBizBotAI Deep Dive
Newman Hospitality Incorporated$2,481,555NewBizBotAI Deep Dive
Newman Hospitality Incorporated$2,000,000NewBizBotAI Deep Dive
Ortega National Parks LLC$2,000,000NewBizBotAI Deep Dive
Behavior and Education Inc.$1,718,395NewBizBotAI Deep Dive

Want to research this company further?