PPP Loan information for Motor inn

$12,760

Motor inn was initially approved for PPP Loan of amount $13,108, the current approved amount is $12,760. The loan was approved on 04/08/2020 by The State Savings Bank reported 2 jobs and $12,760 was used to fund payroll.

Motor inn is Existing or more than 2 years old

PPP Loan Search / IA / BEDFORD / Motor inn

MOTOR INN

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MOTOR INN

Borrower Address

510 COURT AVE

Borrower City

BEDFORD

Borrower State

IA

Borrower Zip

50833-1285

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

13108.35

Current Approval Amount

12760.40

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24597

Servicing Lender Name

State Savings Bank

Servicing Lender Address

602 Sheldon Ave, Ste A

Servicing Lender City

CRESTON

Servicing Lender State

IA

Servicing Lender Zip

50801-3322

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BEDFORD

Project County Name

TAYLOR

Project State

IA

Project Zip

50833-1285

CD

IA-03

Jobs Reported

2

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1276.04

Payroll Proceed

10208.32

Mortgage Interest Proceed

1276.04

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

24597

Originating Lender

State Savings Bank

Originating Lender City

CRESTON

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

12853.04

Forgiveness Date

01/07/2021

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