1859 HISTORIC HOTELS, LTD. (TX) - 2020 PPP Loan Borrower Profile (# 8718267106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1859 HISTORIC HOTELS, LTD.. 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 Texas.

Loan Detail

Loan Number

8718267106

SBA Office Code

0671

Processing Method

PPP

Curent Loan Amount

$8,466,500

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$8,563,629.57

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

542,500

Payroll Proced

6,100,000

Rent Proceed

71,000

Health Care Proceed

852,000

Debt Interest Proceed

901,000

Lender

PlainsCapital Bank

Business Detail

Business Type

Partnership

NAICS

721110

Borrower Location

GALVESTON, TX

Project Location

GALVESTON, TX

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

500

Business Age Description

Existing or more than 2 years old

Data Source: SBA.