PPP Loan information for Motor inn of spirit lake inc

$130,900

Motor inn of spirit lake inc was initially approved for PPP Loan of amount $130,900, the current approved amount is $130,900. The loan was approved on 04/07/2020 by The Bank Midwest reported 12 jobs and $130,900 was used to fund payroll.

Motor inn of spirit lake inc is New Business or 2 years or less

PPP Loan Search / IA / SPIRIT LAKE / Motor inn of spirit lake inc

MOTOR INN OF SPIRIT LAKE INC

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MOTOR INN OF SPIRIT LAKE INC

Borrower Address

2702 17TH STREET

Borrower City

SPIRIT LAKE

Borrower State

IA

Borrower Zip

51360-1081

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130900.00

Current Approval Amount

130900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38258

Servicing Lender Name

Bank Midwest

Servicing Lender Address

1525 18th St

Servicing Lender City

SPIRIT LAKE

Servicing Lender State

IA

Servicing Lender Zip

51360-1023

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

SPIRIT LAKE

Project County Name

DICKINSON

Project State

IA

Project Zip

51360-1081

CD

IA-04

Jobs Reported

12

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

130900.00

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

Corporation

Originating Lender Location Id

38258

Originating Lender

Bank Midwest

Originating Lender City

SPIRIT LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

132379.90

Forgiveness Date

06/04/2021

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