PPP Loan information for Crossroad hotels

$42,000

Crossroad hotels was initially approved for PPP Loan of amount $42,000, the current approved amount is $42,000. The loan was approved on 01/17/2021 by The Grinnell State Bank reported 9 jobs and $42,000 was used to fund payroll.

Crossroad hotels is Existing or more than 2 years old

PPP Loan Search / IA / Waterloo / Crossroad hotels

CROSSROAD HOTELS

Date Approved

01/17/2021

SBA Office Code

0736

Processing Method

PPS

Borrower Name

CROSSROAD HOTELS

Borrower Address

1945 Laporte Rd

Borrower City

Waterloo

Borrower State

IA

Borrower Zip

50702-2741

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42000.00

Current Approval Amount

42000.00

Undisbursed Amount

0.00

Franchise Name

Baymont by Wyndham aka Baymont Inn & Suites

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Waterloo

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50702-2741

CD

IA-02

Jobs Reported

9

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

42000.00

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

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

42451.50

Forgiveness Date

02/22/2022

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