PPP Loan information for Formosa hospitality inc

$97,400

Formosa hospitality inc was initially approved for PPP Loan of amount $97,400, the current approved amount is $97,400. The loan was approved on 05/02/2020 by The First Mid Bank & Trust, National Association reported 18 jobs and $97,400 was used to fund payroll.

Formosa hospitality inc is Existing or more than 2 years old

PPP Loan Search / IL / TROY / Formosa hospitality inc

FORMOSA HOSPITALITY INC

Date Approved

05/02/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

FORMOSA HOSPITALITY INC

Borrower Address

2011 FORMOSA ROAD

Borrower City

TROY

Borrower State

IL

Borrower Zip

62294-1111

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

97400.00

Current Approval Amount

97400.00

Undisbursed Amount

0.00

Franchise Name

Holiday Inn Express (License Agreement)

Servicing Lender Location Id

21908

Servicing Lender Name

First Mid Bank & Trust, National Association

Servicing Lender Address

1515 Charleston Ave.

Servicing Lender City

MATTOON

Servicing Lender State

IL

Servicing Lender Zip

61938-3932

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TROY

Project County Name

MADISON

Project State

IL

Project Zip

62294-1111

CD

IL-15

Jobs Reported

18

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12175.00

Payroll Proceed

73050.00

Mortgage Interest Proceed

0.00

Rent Proceed

12175.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

21908

Originating Lender

First Mid Bank & Trust, National Association

Originating Lender City

MATTOON

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

98098.03

Forgiveness Date

01/20/2021

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