PPP Loan information for Baps motel

$50,960

Baps motel was initially approved for PPP Loan of amount $50,960, the current approved amount is $50,960. The loan was approved on 04/09/2020 by The Grinnell State Bank reported 16 jobs and $50,960 was used to fund payroll.

Baps motel is Existing or more than 2 years old

PPP Loan Search / IA / JOHNSTON / Baps motel

BAPS MOTEL

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BAPS MOTEL

Borrower Address

5050 Merle Hay Rd

Borrower City

JOHNSTON

Borrower State

IA

Borrower Zip

50131-1201

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50960.00

Current Approval Amount

50960.00

Undisbursed Amount

0.00

Franchise Name

AmericInn by Wyndham

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JOHNSTON

Project County Name

POLK

Project State

IA

Project Zip

50131-1201

CD

IA-03

Jobs Reported

16

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

50960.00

Payroll Proceed

0.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51759.79

Forgiveness Date

11/03/2021

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