Modern Resort Lodging LLC

$340,800 PPP Loan in South Padre Island, Texas

Loan Details

Loan Number
5562137003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$340,800
Current Approval
$340,800
Forgiveness Amount
$345,174
Forgiveness Date
Jul 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Modern Resort Lodging LLC
Address
6700 Padre Blvd
State
Texas
ZIP Code
78597-7718
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Crown Trophy
Business Age
New Business or 2 years or less
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-34

Loan Use Breakdown

Payroll
$260,000
Utilities
$80,800

Lender Information

Servicing Lender
International Bank of Commerce
Originating Lender
International Bank of Commerce

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