PPP Loan information for Forest motel, inc.

$366,372

Forest motel, inc. was initially approved for PPP Loan of amount $366,372, the current approved amount is $366,372. The loan was approved on 03/20/2021 by The The First National Bank of Jeanerette reported 44 jobs and $366,372 was used to fund payroll.

Forest motel, inc. is Existing or more than 2 years old

PPP Loan Search / LA / Franklin / Forest motel, inc.

FOREST MOTEL, INC.

Date Approved

03/20/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

FOREST MOTEL, INC.

Borrower Address

1909 Main St

Borrower City

Franklin

Borrower State

LA

Borrower Zip

70538-3117

Loan Status Date

04/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

366372.34

Current Approval Amount

366372.34

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28299

Servicing Lender Name

The First National Bank of Jeanerette

Servicing Lender Address

1331 Main St

Servicing Lender City

JEANERETTE

Servicing Lender State

LA

Servicing Lender Zip

70544-3640

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Franklin

Project County Name

SAINT MARY

Project State

LA

Project Zip

70538-3117

CD

LA-03

Jobs Reported

44

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

366369.34

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

28299

Originating Lender

The First National Bank of Jeanerette

Originating Lender City

JEANERETTE

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

370076.77

Forgiveness Date

03/29/2022

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