Date Approved
01/22/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
BAM HOSPITALITY LLC
Borrower Address
1620 1st Ave SE
Borrower City
Rochester
Borrower State
MN
Borrower Zip
55904-7901
Loan Status Date
10/16/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
77350.21
Current Approval Amount
93418.64
Undisbursed Amount
0.00
Franchise Name
Quality Inn by Choice Hotels /Quality Inn & Suites by Choice Hotels
Servicing Lender Location Id
36611
Servicing Lender Name
Sterling State Bank
Servicing Lender Address
1419 1st Ave SW
Servicing Lender City
AUSTIN
Servicing Lender State
Servicing Lender Zip
55912-1603
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OLMSTED
Project State
Project Zip
CD
MN-01
Jobs Reported
11
NAICS Code
721110
Race
Asian
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
93415.64
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Partnership
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
94054.41
Forgiveness Date
09/28/2021