PPP Loan information for Hotel rapids inc.

$65,421

Hotel rapids inc. was initially approved for PPP Loan of amount $65,421, the current approved amount is $65,421. The loan was approved on 01/20/2021 by The Grand Rapids State Bank reported 12 jobs and $65,421 was used to fund payroll.

Hotel rapids inc. is Existing or more than 2 years old

PPP Loan Search / MN / Grand Rapids / Hotel rapids inc.

HOTEL RAPIDS INC.

Date Approved

01/20/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

HOTEL RAPIDS INC.

Borrower Address

680 E Highway 2

Borrower City

Grand Rapids

Borrower State

MN

Borrower Zip

55744-3153

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

65421.25

Current Approval Amount

65421.25

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38190

Servicing Lender Name

Grand Rapids State Bank

Servicing Lender Address

523 NW 1st Ave

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MN

Servicing Lender Zip

55744-2618

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

ITASCA

Project State

MN

Project Zip

55744-3153

CD

MN-08

Jobs Reported

12

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

65418.25

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

38190

Originating Lender

Grand Rapids State Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

65746.54

Forgiveness Date

07/21/2021

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