Date Approved
04/08/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
CHERRYWOOD LODGE INC.
Borrower Address
E10160 M-28
Borrower City
WETMORE
Borrower State
MI
Borrower Zip
49895
Loan Status Date
02/20/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
71400.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels
Servicing Lender Location Id
203327
Servicing Lender Name
Nicolet National Bank
Servicing Lender Address
111 N Washington St
Servicing Lender City
GREEN BAY
Servicing Lender State
WI
Servicing Lender Zip
54301-4255
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ALGER
Project State
Project Zip
49895-0001
CD
MI-01
Jobs Reported
27
NAICS Code
721110
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
17850.00
Payroll Proceed
53550.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
71915.67
Forgiveness Date
01/07/2021