PPP Loan information for Forest motel, inc.

$261,695

Forest motel, inc. was initially approved for PPP Loan of amount $257,787, the current approved amount is $261,695. The loan was approved on 04/08/2020 by The The First National Bank of Jeanerette reported 43 jobs and $261,695 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

04/08/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

FOREST MOTEL, INC.

Borrower Address

1909 MAIN ST

Borrower City

FRANKLIN

Borrower State

LA

Borrower Zip

70538-3117

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

257787.44

Current Approval Amount

261694.52

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

43

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

15662.78

Payroll Proceed

234616.90

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

8257.28

Debt Interest Proceed

3157.56

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

264216.96

Forgiveness Date

03/31/2021

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