PPP Loan information for Motor inn of algona, inc.

$141,500

Motor inn of algona, inc. was initially approved for PPP Loan of amount $141,500, the current approved amount is $141,500. The loan was approved on 04/09/2020 by The Northwest Bank reported 13 jobs and $141,500 was used to fund payroll.

Motor inn of algona, inc. is Existing or more than 2 years old

PPP Loan Search / IA / ALGONA / Motor inn of algona, inc.

MOTOR INN OF ALGONA, INC.

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MOTOR INN OF ALGONA, INC.

Borrower Address

1107 Main Street

Borrower City

ALGONA

Borrower State

IA

Borrower Zip

50511

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

141500.00

Current Approval Amount

141500.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

82664

Servicing Lender Name

Northwest Bank

Servicing Lender Address

705 Grand Ave

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-3707

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALGONA

Project County Name

KOSSUTH

Project State

IA

Project Zip

50511-0001

CD

IA-04

Jobs Reported

13

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3788.00

Payroll Proceed

106125.00

Mortgage Interest Proceed

0.00

Rent Proceed

17600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13987.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

82664

Originating Lender

Northwest Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

142687.03

Forgiveness Date

02/16/2021

;