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AAKAR INVESTMENTS, INCORPORATED

Company Details

Name: AAKAR INVESTMENTS, INCORPORATED
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Dissolved
Date of Organization in Rhode Island: 09 Mar 1999 (26 years ago)
Date of Dissolution: 23 Nov 2022 (2 years ago)
Date of Status Change: 23 Nov 2022 (2 years ago)
Identification Number: 000105277
ZIP code: 02882
County: Washington County
Principal Address: 901 OCEAN ROAD, NARRAGANSETT, RI, 02882, USA
Purpose: OWNERSHIP AND MANAGEMENT OF REAL ESTATE AND ALL BUSINESS INCIDENTAL THERETO

Industry & Business Activity

NAICS

721110 Hotels (except Casino Hotels) and Motels

This industry comprises establishments primarily engaged in providing short-term lodging in facilities known as hotels, motor hotels, resort hotels, and motels. The establishments in this industry may offer food and beverage services, recreational services, conference rooms, convention services, laundry services, parking, and other services. Learn more at the U.S. Census Bureau

Agent

Name Role Address
TERRENCE G. SIMPSON, ESQUIRE Agent 65 BOSTON NECK ROAD, NORTH KINGSTOWN, RI, 02852, USA

PRESIDENT

Name Role Address
SURESH B BHALALA PRESIDENT 901 OCEAN ROAD NARRAGANSETT, RI 02882- USA

Filings

Number Name File Date
202224857790 Articles of Dissolution 2022-11-23
202213031770 Annual Report 2022-03-11
202194965530 Annual Report 2021-03-25
202188003510 Statement of Change of Registered/Resident Agent Office 2021-01-27
202036734070 Annual Report 2020-03-24
202036734250 Statement of Change of Registered/Resident Agent 2020-03-24
201987041220 Annual Report 2019-02-19
201859563810 Annual Report 2018-02-28
201730425970 Annual Report 2017-01-17
201692385130 Annual Report 2016-02-12

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
6540777207 2020-04-28 0165 PPP 901 OCEAN RD, NARRAGANSETT, RI, 02882-1372
Loan Status Date 2021-04-09
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 41692.5
Loan Approval Amount (current) 41692.5
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65777
Servicing Lender Name The Washington Trust Company of Westerly
Servicing Lender Address 23 Broad St, WESTERLY, RI, 02891-1879
Rural or Urban Indicator R
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address NARRAGANSETT, WASHINGTON, RI, 02882-1372
Project Congressional District RI-02
Number of Employees 2
NAICS code 523930
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 65777
Originating Lender Name The Washington Trust Company of Westerly
Originating Lender Address WESTERLY, RI
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 42061.94
Forgiveness Paid Date 2021-03-17
3913828401 2021-02-05 0165 PPS 901 Ocean Rd, Narragansett, RI, 02882-1372
Loan Status Date 2021-09-16
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 58369.5
Loan Approval Amount (current) 58369.5
Undisbursed Amount 0
Franchise Name -
Lender Location ID 65777
Servicing Lender Name The Washington Trust Company of Westerly
Servicing Lender Address 23 Broad St, WESTERLY, RI, 02891-1879
Rural or Urban Indicator R
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address Narragansett, WASHINGTON, RI, 02882-1372
Project Congressional District RI-02
Number of Employees 2
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 65777
Originating Lender Name The Washington Trust Company of Westerly
Originating Lender Address WESTERLY, RI
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 58685.67
Forgiveness Paid Date 2021-08-25

Date of last update: 09 Apr 2025

Sources: Rhode Island Department of State