BPG HOTEL PARTNERS IV LLC (DE) - 2020 PPP Loan Borrower Profile (# 5531228500)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BPG HOTEL PARTNERS IV LLC. 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 Delaware.

Loan Detail

Loan Number

5531228500

SBA Office Code

0341

Processing Method

PPS

Curent Loan Amount

$598,300

Date Loan was Approved

Mar 1, 2021

Amount Forgiven

$603,069.78

Date Loan was Forgiven

Dec 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

598,297

Lender

Mid Penn Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

721110

Borrower Location

Newark, DE

Project Location

Newark, DE

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.