PPP Loan information for Joliet lodging

$63,755

Joliet lodging was initially approved for PPP Loan of amount $63,755, the current approved amount is $63,755. The loan was approved on 04/10/2020 by The Grinnell State Bank reported 13 jobs and $63,755 was used to fund payroll.

Joliet lodging is Existing or more than 2 years old

JOLIET LODGING

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

JOLIET LODGING

Borrower Address

1850 W McDonough Rd

Borrower City

JOLIET

Borrower State

IL

Borrower Zip

60436-1221

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

63755.00

Current Approval Amount

63755.00

Undisbursed Amount

0.00

Franchise Name

Motel 6

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JOLIET

Project County Name

WILL

Project State

IL

Project Zip

60436-1221

CD

IL-14

Jobs Reported

13

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2755.00

Payroll Proceed

55000.00

Mortgage Interest Proceed

6000.00

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

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

64311.09

Forgiveness Date

03/10/2021

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