PPP Loan information for Raj motel

$48,911

Raj motel was initially approved for PPP Loan of amount $48,911, the current approved amount is $48,911. The loan was approved on 02/12/2021 by The Grinnell State Bank reported 10 jobs and $48,911 was used to fund payroll.

Raj motel is Existing or more than 2 years old

RAJ MOTEL

Date Approved

02/12/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

RAJ MOTEL

Borrower Address

1806 McDonough St

Borrower City

Joliet

Borrower State

IL

Borrower Zip

60436-1221

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

48911.00

Current Approval Amount

48911.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Joliet

Project County Name

WILL

Project State

IL

Project Zip

60436-1221

CD

IL-14

Jobs Reported

10

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

48908.00

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

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

49203.11

Forgiveness Date

09/21/2021

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