PPP Loan information for Econo lodge

$29,305

Econo lodge was initially approved for PPP Loan of amount $29,305, the current approved amount is $29,305. The loan was approved on 05/01/2020 by The Premier Bank of the South reported 18 jobs and $29,305 was used to fund payroll.

Econo lodge is New Business or 2 years or less

ECONO LODGE

Date Approved

05/01/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ECONO LODGE

Borrower Address

1655 County Rd 437

Borrower City

CULLMAN

Borrower State

AL

Borrower Zip

35055-1215

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

29305.00

Current Approval Amount

29305.00

Undisbursed Amount

0.00

Franchise Name

Econo Lodge by Choice Hotels/Econo Lodge Inn & Suites by Choice Hotels

Servicing Lender Location Id

112149

Servicing Lender Name

Premier Bank of the South

Servicing Lender Address

101 First Ave NW

Servicing Lender City

CULLMAN

Servicing Lender State

AL

Servicing Lender Zip

35055-3425

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CULLMAN

Project County Name

CULLMAN

Project State

AL

Project Zip

35055-1215

CD

AL-04

Jobs Reported

18

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3326.25

Payroll Proceed

21978.75

Mortgage Interest Proceed

2000.00

Rent Proceed

2000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112149

Originating Lender

Premier Bank of the South

Originating Lender City

CULLMAN

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

29529.67

Forgiveness Date

02/02/2021

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