ALARE HOTELS INC (GA) - 2020 PPP Loan Borrower Profile (# 2432398506)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALARE HOTELS INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Georgia.

Loan Detail

Loan Number

2432398506

SBA Office Code

0405

Processing Method

PPS

Curent Loan Amount

$106,617

Date Loan was Approved

Feb 20, 2021

Amount Forgiven

$107,398.86

Date Loan was Forgiven

Nov 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

106,613

Lender

Queensborough National Bank and Trust Company

Business Detail

Business Type

Corporation

NAICS

721110

Borrower Location

Savannah, GA

Project Location

Savannah, GA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.