1859 Historic Hotels, Ltd.
$8,466,500 PPP Loan in Galveston, Texas
Loan Details
- Loan Number
- 8718267106
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $8,466,500
- Current Approval
- $8,466,500
- Forgiveness Amount
- $8,563,630
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- 1859 Historic Hotels, Ltd.
- Address
- P.o. Box 59
- City
- Galveston
- State
- Texas
- ZIP Code
- 77553
- Business Type
- Partnership
- Industry (NAICS)
- Accommodation and Food Services (721110)
- Franchise
- Doubletree by Hilton
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $156.3M
- Rural/Urban
- Urban
- Congressional District
- TX-14
Loan Use Breakdown
- Payroll
- $6,100,000
- Rent
- $71,000
- Utilities
- $542,500
- Health Care
- $852,000
- Debt Interest
- $901,000
Lender Information
- Servicing Lender
- Plainscapital Bank
- Originating Lender
- Plainscapital Bank
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