PPP Loan information for Motor inn company

$281,700

Motor inn company was initially approved for PPP Loan of amount $281,700, the current approved amount is $281,700. The loan was approved on 04/10/2020 by The BMO Harris Bank National Association reported 37 jobs and $281,700 was used to fund payroll.

Motor inn company is Existing or more than 2 years old

PPP Loan Search / MN / ALBERT LEA / Motor inn company

MOTOR INN COMPANY

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MOTOR INN COMPANY

Borrower Address

2114 E. Main St

Borrower City

ALBERT LEA

Borrower State

MN

Borrower Zip

56007-3919

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

281700.00

Current Approval Amount

281700.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALBERT LEA

Project County Name

FREEBORN

Project State

MN

Project Zip

56007-3919

CD

MN-01

Jobs Reported

37

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

281700.00

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

Subchapter S Corporation

Originating Lender Location Id

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

283722.07

Forgiveness Date

01/08/2021

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