PPP Loan information for Otero county motel co inc

$157,357

Otero county motel co inc was initially approved for PPP Loan of amount $157,357, the current approved amount is $157,357. The loan was approved on 01/25/2021 by The Western Commerce Bank reported 23 jobs and $157,357 was used to fund payroll.

Otero county motel co inc is Existing or more than 2 years old

PPP Loan Search / NM / Alamogordo / Otero county motel co inc

OTERO COUNTY MOTEL CO INC

Date Approved

01/25/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

OTERO COUNTY MOTEL CO INC

Borrower Address

1295 Hamilton Rd

Borrower City

Alamogordo

Borrower State

NM

Borrower Zip

88310-7823

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

157356.50

Current Approval Amount

157356.50

Undisbursed Amount

0.00

Franchise Name

Hampton Inn

Servicing Lender Location Id

45737

Servicing Lender Name

Western Commerce Bank

Servicing Lender Address

127 S Canyon St

Servicing Lender City

CARLSBAD

Servicing Lender State

NM

Servicing Lender Zip

88220-5732

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Alamogordo

Project County Name

OTERO

Project State

NM

Project Zip

88310-7823

CD

NM-02

Jobs Reported

23

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

157350.50

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

45737

Originating Lender

Western Commerce Bank

Originating Lender City

CARLSBAD

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

158714.51

Forgiveness Date

12/14/2021

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