PPP Loan information for Mccormick hospitality group

$224,900

Mccormick hospitality group was initially approved for PPP Loan of amount $211,600, the current approved amount is $224,900. The loan was approved on 04/03/2020 by The Lake Community Bank reported 11 jobs and $224,900 was used to fund payroll.

Mccormick hospitality group is Existing or more than 2 years old

PPP Loan Search / MN / Wayzata / Mccormick hospitality group

MCCORMICK HOSPITALITY GROUP

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MCCORMICK HOSPITALITY GROUP

Borrower Address

331 Broadway Avenue S

Borrower City

Wayzata

Borrower State

MN

Borrower Zip

55391-1120

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

211600.00

Current Approval Amount

224900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38325

Servicing Lender Name

Lake Community Bank

Servicing Lender Address

1964 W Wayzata Blvd

Servicing Lender City

LONG LAKE

Servicing Lender State

MN

Servicing Lender Zip

55356-9494

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wayzata

Project County Name

HENNEPIN

Project State

MN

Project Zip

55391-1120

CD

MN-03

Jobs Reported

11

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

179920.00

Mortgage Interest Proceed

0.00

Rent Proceed

44980.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

38325

Originating Lender

Lake Community Bank

Originating Lender City

LONG LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

226686.71

Forgiveness Date

01/20/2021

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