Date Approved
04/13/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
SHYAM HOTEL, INC.
Borrower Address
1265 S 11th St
Borrower City
NILES
Borrower State
MI
Borrower Zip
49120-3408
Loan Status Date
03/18/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
45000.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels
Servicing Lender Location Id
96759
Servicing Lender Name
Teachers CU
Servicing Lender Address
110 S Main St
Servicing Lender City
SOUTH BEND
Servicing Lender State
IN
Servicing Lender Zip
46601-1805
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BERRIEN
Project State
Project Zip
CD
MI-06
Jobs Reported
10
NAICS Code
721110
Race
Asian
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
88768
Originating Lender
New Buffalo Savings Bank
Originating Lender City
NEW BUFFALO
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
35225.34
Forgiveness Date
12/09/2020