PPP Loan information for Wise motels, inc.

$257,600

Wise motels, inc. was initially approved for PPP Loan of amount $257,600, the current approved amount is $257,600. The loan was approved on 04/04/2020 by The Arbor Bank reported 56 jobs and $257,600 was used to fund payroll.

Wise motels, inc. is Existing or more than 2 years old

PPP Loan Search / IA / ATLANTIC / Wise motels, inc.

WISE MOTELS, INC.

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

WISE MOTELS, INC.

Borrower Address

1902 E 7TH ST

Borrower City

ATLANTIC

Borrower State

IA

Borrower Zip

50022-1915

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

257600.00

Current Approval Amount

257600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42371

Servicing Lender Name

Arbor Bank

Servicing Lender Address

911 Central Ave

Servicing Lender City

NEBRASKA CITY

Servicing Lender State

NE

Servicing Lender Zip

68410-2334

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ATLANTIC

Project County Name

CASS

Project State

IA

Project Zip

50022-1915

CD

IA-03

Jobs Reported

56

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

257600.00

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

Corporation

Originating Lender Location Id

42371

Originating Lender

Arbor Bank

Originating Lender City

NEBRASKA CITY

Originating Lender State

NE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

259653.64

Forgiveness Date

01/25/2021

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