CHERRY PEAK RESORT, LLC (UT) - 2020 PPP Loan Borrower Profile (# 6355167003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHERRY PEAK RESORT, 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 Utah.

Loan Detail

Loan Number

6355167003

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$118,670

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$119,981.96

Date Loan was Forgiven

May 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

13,600

Payroll Proced

95,000

Mortgage Interest Proceed

10,070

Lender

Cache Valley Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

713920

Borrower Location

RICHMOND, UT

Project Location

RICHMOND, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.