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  5. AAKAR INVESTMENTS, INCORPORATED

AAKAR INVESTMENTS, INCORPORATED

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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 (3 years ago)
Date of Status Change: 23 Nov 2022 (3 years ago)
Identification Number: 000105277
ZIP code: 02882
City: Narragansett
County: Washington County
Purpose: OWNERSHIP AND MANAGEMENT OF REAL ESTATE AND ALL BUSINESS INCIDENTAL THERETO
Principal Address: Google Maps Logo 901 OCEAN ROAD, NARRAGANSETT, RI, 02882, USA

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

Companies doing Hotels (except casino hotels) and motels

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

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States.

A UCC filing is a public notice of a secured transaction. A financing statement indicates a commercial agreement between a debtor and a secured party.

Uniform Commercial Code Summary

Type:
UCC-3 TERMINATION
UCC Filing Number:
202226593380
Filing Date:
2022-03-30
Action:
TerminationSecuredParty

Parties

Party Name:
AAKAR INVESTMENTS, INCORPORATED
Party Role:
Debtor(s)

Uniform Commercial Code Summary

Type:
UCC-1 Standard
UCC Filing Number:
202022815460
Filing Date:
2020-06-01
Action:
InitialFiling

Parties

Party Name:
AAKAR INVESTMENTS, INCORPORATED
Party Role:
Debtor(s)
Party Name:
U.S. SMALL BUSINESS ADMINISTRATION
Party Role:
Secured Parties

USAspending Awards / Financial Assistance

Business Type:
SMALL BUSINESS
Date:
2021-02-05
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
$0
Face Value Of Loan:
$58,369.5
Total Face Value Of Loan:
$58,369.5
Business Type:
SMALL BUSINESS
Date:
2020-05-21
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO PROVIDE LOANS TO RESTORE AS NEARLY AS POSSIBLE THE VICTIMS OF ECONOMIC INJURY TYPE DISASTERS TO PRE-DISASTER CONDITIONS
Obligated Amount:
$0
Face Value Of Loan:
$150,000
Total Face Value Of Loan:
$150,000
Business Type:
SMALL BUSINESS
Date:
2020-04-28
Link:
View on USAspending
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
$0
Face Value Of Loan:
$41,692.5
Total Face Value Of Loan:
$41,692.5

Paycheck Protection Program

Jobs Reported:
2
Initial Approval Amount:
$41,692.5
Date Approved:
2020-04-28
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$41,692.5
Race:
Unanswered
Ethnicity:
Not Hispanic or Latino
Gender:
Male Owned
Veteran:
Non-Veteran
Forgiveness Amount:
$42,061.94
Servicing Lender:
The Washington Trust Company of Westerly
Use of Proceeds:
Payroll: $41,692.5
Jobs Reported:
2
Initial Approval Amount:
$58,369.5
Date Approved:
2021-02-05
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Current Approval Amount:
$58,369.5
Race:
Unanswered
Ethnicity:
Not Hispanic or Latino
Gender:
Male Owned
Veteran:
Non-Veteran
Forgiveness Amount:
$58,685.67
Servicing Lender:
The Washington Trust Company of Westerly
Use of Proceeds:
Payroll: $58,365.5
Utilities: $1

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Date of last update: 09 Jul 2025

Sources: Rhode Island Department of State

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