PPP Loan information for Midway motel inc

$75,032

Midway motel inc was initially approved for PPP Loan of amount $75,032, the current approved amount is $75,032. The loan was approved on 03/16/2021 by The Kennebunk Savings Bank reported 5 jobs and $75,032 was used to fund payroll.

Midway motel inc is Existing or more than 2 years old

PPP Loan Search / ME / Wells / Midway motel inc

MIDWAY MOTEL INC

Date Approved

03/16/2021

SBA Office Code

0172

Processing Method

PPS

Borrower Name

MIDWAY MOTEL INC

Borrower Address

424 Post Rd

Borrower City

Wells

Borrower State

ME

Borrower Zip

04090-4020

Loan Status Date

02/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

75031.81

Current Approval Amount

75031.81

Undisbursed Amount

0.00

Franchise Name

Ascend Hotel Collection by Choice

Servicing Lender Location Id

29702

Servicing Lender Name

Kennebunk Savings Bank

Servicing Lender Address

104 Main St

Servicing Lender City

KENNEBUNK

Servicing Lender State

ME

Servicing Lender Zip

04043-7023

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wells

Project County Name

YORK

Project State

ME

Project Zip

04090-4020

CD

ME-01

Jobs Reported

5

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

75025.81

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

Limited Liability Company(LLC)

Originating Lender Location Id

29702

Originating Lender

Kennebunk Savings Bank

Originating Lender City

KENNEBUNK

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

75675.83

Forgiveness Date

01/28/2022

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