Date Approved
01/29/2021
SBA Office Code
0460
Processing Method
PPS
Borrower Name
MILAN HOTELS INC
Borrower Address
180 Tunnel Rd
Borrower City
Asheville
Borrower State
NC
Borrower Zip
28805-1853
Loan Status Date
04/08/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
118836.34
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels
Servicing Lender Location Id
67003
Servicing Lender Name
Tennessee State Bank
Servicing Lender Address
2210 Parkway
Servicing Lender City
Pigeon Forge
Servicing Lender State
TN
Servicing Lender Zip
37868
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BUNCOMBE
Project State
Project Zip
CD
NC-11
Jobs Reported
15
NAICS Code
721110
Race
Asian
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
118834.34
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
120130.34
Forgiveness Date
03/10/2022