PPP Loan information for Otm hospitality inc

$56,400

Otm hospitality inc was initially approved for PPP Loan of amount $57,500, the current approved amount is $56,400. The loan was approved on 04/04/2020 by The Northwest Bank & Trust Company reported 16 jobs and $56,400 was used to fund payroll.

Otm hospitality inc is Existing or more than 2 years old

PPP Loan Search / IA / OTTUMWA / Otm hospitality inc

OTM HOSPITALITY INC

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

OTM HOSPITALITY INC

Borrower Address

943 N QUINCY AVE

Borrower City

OTTUMWA

Borrower State

IA

Borrower Zip

52501-3851

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57500.00

Current Approval Amount

56400.00

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

24824

Servicing Lender Name

Northwest Bank & Trust Company

Servicing Lender Address

100 E Kimberly Rd

Servicing Lender City

DAVENPORT

Servicing Lender State

IA

Servicing Lender Zip

52806-5924

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OTTUMWA

Project County Name

WAPELLO

Project State

IA

Project Zip

52501-3851

CD

IA-03

Jobs Reported

16

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

56400.00

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

24824

Originating Lender

Northwest Bank & Trust Company

Originating Lender City

DAVENPORT

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

57052.08

Forgiveness Date

06/11/2021

;