Date Approved
01/23/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
STERLING HOSPITALITY LLC
Borrower Address
2350 Commerce Dr NW
Borrower City
Rochester
Borrower State
MN
Borrower Zip
55901-3250
Loan Status Date
02/10/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
244200.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Staybridge Suites
Servicing Lender Location Id
224982
Servicing Lender Name
BNC National Bank
Servicing Lender Address
20175 N 67th Ave
Servicing Lender City
GLENDALE
Servicing Lender State
AZ
Servicing Lender Zip
85308-7000
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OLMSTED
Project State
Project Zip
CD
MN-01
Jobs Reported
31
NAICS Code
721110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
244198.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
246485.98
Forgiveness Date
01/04/2022