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NEW VISION ELGIN HOTEL, LLC

Branch

Company Details

Entity Name: NEW VISION ELGIN HOTEL, LLC
Jurisdiction: Illinois
Entity Type: Limited Liability Company
Status: Goodstanding
Date Formed: 10 Jun 2008
Branch of: NEW VISION ELGIN HOTEL, LLC, MISSISSIPPI (Company Number 928719)
Company Number: LLC_02546299
File Number: 02546299
Type of Management: Manager Managed
Date Status Change: 21 Aug 2024
Address 118 BRIDGEWATER CROSSING, RIDGELAND, 39157, MS
Place of Formation: MISSISSIPPI

Agent

Name and Address Role Appointment Date
NEW VISION ELGIN HOTEL LLC, 1780 CAPITAL ST, ELGIN, 60124 Agent 2018-05-31

Manager

Name and Address Role Appointment Date
BAROT, JAGDISH A., 118 BRIDGEWATER CROSSING, RIDGELAND, MS, 39157 Manager 2024-08-21
YOGINA, MAHENDRA A., 1041 ARNANSAS DR, ELK GROVE, IL, 60007 Manager 2024-08-21

Assumed Names

Name Type Effective Date Cancellation Date Cancellation Type Last Renewal Date
CANDLEWOOD SUITES Assumed name 2022-09-07 No data No data No data

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1628198502 2021-02-19 0507 PPS 1780 Capital St, Elgin, IL, 60124-7890
Loan Status Date 2022-02-18
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 52500
Loan Approval Amount (current) 52500
Undisbursed Amount 0
Franchise Name Candlewood Suites
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Elgin, KANE, IL, 60124-7890
Project Congressional District IL-08
Number of Employees 8
NAICS code 721110
Borrower Race Asian
Borrower Ethnicity Not Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 48270
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address COLUMBUS, OH
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 52953.05
Forgiveness Paid Date 2022-01-06
8149567101 2020-04-15 0507 PPP 1780 CAPITAL ST, ELGIN, IL, 60124
Loan Status Date 2021-05-21
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 50000
Loan Approval Amount (current) 50000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address ELGIN, KANE, IL, 60124-0002
Project Congressional District IL-08
Number of Employees 12
NAICS code 721110
Borrower Race Asian
Borrower Ethnicity Not Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 194093
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address CHICAGO, IL
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 50473.67
Forgiveness Paid Date 2021-03-30

Date of last update: 13 Mar 2025

Sources: Illinois Office of the Secretary of State