PPP Loan information for Otero county motel co., inc.

$112,300

Otero county motel co., inc. was initially approved for PPP Loan of amount $112,300, the current approved amount is $112,300. The loan was approved on 04/15/2020 by The Western Commerce Bank reported 28 jobs and $112,300 was used to fund payroll.

Otero county motel co., inc. is Existing or more than 2 years old

PPP Loan Search / NM / ALAMOGORDO / Otero county motel co., inc.

OTERO COUNTY MOTEL CO., INC.

Date Approved

04/15/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

OTERO COUNTY MOTEL CO., INC.

Borrower Address

1295 HAMILTON RD

Borrower City

ALAMOGORDO

Borrower State

NM

Borrower Zip

88310-7823

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

112300.00

Current Approval Amount

112300.00

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

45737

Servicing Lender Name

Western Commerce Bank

Servicing Lender Address

127 S Canyon St

Servicing Lender City

CARLSBAD

Servicing Lender State

NM

Servicing Lender Zip

88220-5732

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALAMOGORDO

Project County Name

OTERO

Project State

NM

Project Zip

88310-7823

CD

NM-02

Jobs Reported

28

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

112300.00

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

45737

Originating Lender

Western Commerce Bank

Originating Lender City

CARLSBAD

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

113441.46

Forgiveness Date

04/29/2021

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