PPP Loan information for Fairmont channel inn inc.

$60,253

Fairmont channel inn inc. was initially approved for PPP Loan of amount $60,253, the current approved amount is $60,253. The loan was approved on 01/26/2021 by The First Farmers & Merchants National Bank reported 18 jobs and $60,253 was used to fund payroll.

Fairmont channel inn inc. is Existing or more than 2 years old

PPP Loan Search / MN / Fairmont / Fairmont channel inn inc.

FAIRMONT CHANNEL INN INC.

Date Approved

01/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

FAIRMONT CHANNEL INN INC.

Borrower Address

330 W Lair Rd

Borrower City

Fairmont

Borrower State

MN

Borrower Zip

56031-2310

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

60253.00

Current Approval Amount

60253.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116933

Servicing Lender Name

First Farmers & Merchants National Bank

Servicing Lender Address

114 S Park St

Servicing Lender City

FAIRMONT

Servicing Lender State

MN

Servicing Lender Zip

56031-2863

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fairmont

Project County Name

MARTIN

Project State

MN

Project Zip

56031-2310

CD

MN-01

Jobs Reported

18

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

60252.00

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

116933

Originating Lender

First Farmers & Merchants National Bank

Originating Lender City

FAIRMONT

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

60480.62

Forgiveness Date

06/15/2021

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