Date Approved
04/04/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
CHIN FONG INN, INC. DBA: BEST WESTERN PLUS CHELSEA HOTEL
Borrower Address
89 CHELSEA RD
Borrower City
MONTICELLO
Borrower State
MN
Borrower Zip
55362-8912
Loan Status Date
03/13/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
72500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38033
Servicing Lender Name
First Bank Elk River
Servicing Lender Address
812 Main St NW
Servicing Lender City
ELK RIVER
Servicing Lender State
Servicing Lender Zip
55330-1575
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
WRIGHT
Project State
Project Zip
CD
MN-06
Jobs Reported
13
NAICS Code
721110
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
3625.00
Payroll Proceed
54375.00
Mortgage Interest Proceed
14500.00
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
73094.10
Forgiveness Date
02/03/2021