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  5. GENE PROPERTIES, LLC

GENE PROPERTIES, LLC

Company Details

Name: GENE PROPERTIES, LLC
Jurisdiction: Rhode Island
Entity type: Domestic Limited Liability Company
Status: Activ
Date of Organization in Rhode Island: 22 May 2001 (24 years ago)
Identification Number: 000118577
ZIP code: 02891
County: Washington County
Principal Address: 149 ATLANTIC AVENUE, WESTERLY, RI, 02891, USA
Purpose: OPERATING A MOTEL, FOR RENT OR LEASE, OPERATING A PARKING LOT
Fictitious names: Sandy Shore Motel (trading name, 2015-02-04 - )
Misquamicut Beach Front Hotel (trading name, 2015-02-04 - )

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
GENE ARGANESE Agent 149 ATLANTIC AVENUE, WESTERLY, RI, 02891, USA

Filings

Number Name File Date
202446701390 Annual Report 2024-02-18
202329697020 Annual Report 2023-03-01
202213124030 Annual Report 2022-03-20
202100658730 Annual Report 2021-09-01
202053244260 Annual Report 2020-09-09
201918741760 Annual Report 2019-09-10
201874490070 Annual Report 2018-08-14
201749322790 Annual Report 2017-09-07
201611733440 Annual Report 2016-11-03
201578731640 Annual Report 2015-09-10

USAspending Awards. Financial Assistance

FAIN Awarding Agency Assistance Listings Start Date End Date Description
4520235003 Small Business Administration 59.012 - 7(A) LOAN GUARANTEES No data No data TO AID SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE
Recipient GENE PROPERTIES, LLC
Recipient Name Raw GENE PROPERTIES, LLC
Recipient Address 149 ATLANTIC AVENUE, WESTERLY, WASHINGTON, RHODE ISLAND, 28910-0000, UNITED STATES
Obligated Amount 0.00
Non-Federal Funding 0.00
Original Subsidy Cost 1028.00
Face Value of Direct Loan 106000.00
Link View Page
4412085009 Small Business Administration 59.012 - 7(A) LOAN GUARANTEES No data No data TO AID SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE
Recipient GENE PROPERTIES LLC
Recipient Name Raw GENE PROPERTIES LLC
Recipient DUNS 088612432
Recipient Address 149 ATLANTIC AVENUE, WESTERLY, WASHINGTON, RHODE ISLAND, 28910-0000, UNITED STATES
Obligated Amount 0.00
Non-Federal Funding 0.00
Original Subsidy Cost 19728.00
Face Value of Direct Loan 360000.00
Link View Page
3921765005 Small Business Administration 59.012 - 7(A) LOAN GUARANTEES No data No data TO AID SMALL BUSINESSES WHICH ARE UNABLE TO OBTAIN FINANCING IN THE PRIVATE CREDIT MARKETPLACE
Recipient GENE PROPERTIES LLC
Recipient Name Raw GENE PROPERTIES LLC
Recipient DUNS 088612432
Recipient Address 149 ATLANTIC AVENUE, WESTERLY, WASHINGTON, RHODE ISLAND, 28910-0000, UNITED STATES
Obligated Amount 0.00
Non-Federal Funding 0.00
Original Subsidy Cost 70500.00
Face Value of Direct Loan 1666666.00
Link View Page

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
1547437101 2020-04-10 0165 PPP 149 ATLANTIC AVE, WESTERLY, RI, 02891-4300
Loan Status Date 2022-02-07
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 21900
Loan Approval Amount (current) 21900
Undisbursed Amount 0
Franchise Name -
Lender Location ID 33371
Servicing Lender Name Bristol County Savings Bank
Servicing Lender Address 29 Broadway, TAUNTON, MA, 02780-3269
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address WESTERLY, WASHINGTON, RI, 02891-4300
Project Congressional District RI-02
Number of Employees 30
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Limited Liability Company(LLC)
Originating Lender ID 243908
Originating Lender Name Freedom National Bank, A Division of
Originating Lender Address GREENVILLE, RI
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 22165.23
Forgiveness Paid Date 2021-06-24
2409438507 2021-02-20 0165 PPS 149 Atlantic Ave, Westerly, RI, 02891-4300
Loan Status Date 2022-02-10
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 49290
Loan Approval Amount (current) 49290
Undisbursed Amount 0
Franchise Name -
Lender Location ID 33371
Servicing Lender Name Bristol County Savings Bank
Servicing Lender Address 29 Broadway, TAUNTON, MA, 02780-3269
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Westerly, WASHINGTON, RI, 02891-4300
Project Congressional District RI-02
Number of Employees 24
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Limited Liability Company(LLC)
Originating Lender ID 33371
Originating Lender Name Bristol County Savings Bank
Originating Lender Address TAUNTON, MA
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 49632.29
Forgiveness Paid Date 2021-11-01

Related by officers

GENE ARGANESE

Arganese International, LLC

Related by address

149 ATLANTIC AVENUE, WESTERLY, RI, 02891, USA

THOM, INC. Arganese International, LLC ARGANESE CIGARS, LLC 144 Atlantic Ave LLC 4 Winnapaug Rd LLC BY THE SHORE, LLC Save the Shore, Inc.

Date of last update: 10 Apr 2025

Sources: Rhode Island Department of State

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