PPP Loan information for Canal properties inc

$299,400

Canal properties inc was initially approved for PPP Loan of amount $299,400, the current approved amount is $299,400. The loan was approved on 01/25/2021 by The National Bank of Commerce reported 31 jobs and $299,400 was used to fund payroll.

Canal properties inc is Existing or more than 2 years old

PPP Loan Search / MN / Duluth / Canal properties inc

CANAL PROPERTIES INC

Date Approved

01/25/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

CANAL PROPERTIES INC

Borrower Address

310 Canal Park Dr

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55802-2316

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

299400.00

Current Approval Amount

299400.00

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

76833

Servicing Lender Name

National Bank of Commerce

Servicing Lender Address

1127 Tower Ave

Servicing Lender City

SUPERIOR

Servicing Lender State

WI

Servicing Lender Zip

54880-1502

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Duluth

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55802-2316

CD

MN-08

Jobs Reported

31

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

299397.00

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

76833

Originating Lender

National Bank of Commerce

Originating Lender City

SUPERIOR

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

300696.03

Forgiveness Date

07/07/2021

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