PPP Loan information for American motels inc.

$14,600

American motels inc. was initially approved for PPP Loan of amount $14,600, the current approved amount is $14,600. The loan was approved on 02/05/2021 by The 1st Source Bank reported 10 jobs and $14,600 was used to fund payroll.

American motels inc. is Existing or more than 2 years old

PPP Loan Search / IN / Mishawaka / American motels inc.

AMERICAN MOTELS INC.

Date Approved

02/05/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

AMERICAN MOTELS INC.

Borrower Address

535 W University Dr

Borrower City

Mishawaka

Borrower State

IN

Borrower Zip

46545-1106

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

14600.00

Current Approval Amount

14600.00

Undisbursed Amount

0.00

Franchise Name

Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mishawaka

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46545-1106

CD

IN-02

Jobs Reported

10

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

14600.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

14712.74

Forgiveness Date

11/16/2021

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