BAILEY HOTEL 2 INC. (KY) - 2020 PPP Loan Borrower Profile (# 4516118510)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BAILEY HOTEL 2 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 Kentucky.

Loan Detail

Loan Number

4516118510

SBA Office Code

0457

Processing Method

PPS

Curent Loan Amount

$238,600

Date Loan was Approved

Feb 26, 2021

Amount Forgiven

$240,201.56

Date Loan was Forgiven

Nov 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

238,597

Lender

Community Trust Bank, Inc.

Business Detail

Business Type

Corporation

NAICS

721110

Borrower Location

Pikeville, KY

Project Location

Pikeville, KY

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.