PPP Loan information for Right choice lodging

$417,300

Right choice lodging was initially approved for PPP Loan of amount $417,300, the current approved amount is $417,300. The loan was approved on 04/10/2020 by The Midwest Bank reported 100 jobs and $417,300 was used to fund payroll.

Right choice lodging is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Right choice lodging

RIGHT CHOICE LODGING

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RIGHT CHOICE LODGING

Borrower Address

1155 HIGHWAY 10 E

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-4215

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

417300.00

Current Approval Amount

417300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-4215

CD

MN-07

Jobs Reported

100

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

417300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

419632.31

Forgiveness Date

11/12/2020

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