Date Approved
04/07/2020
SBA Office Code
0761
Processing Method
PPP
Borrower Name
MOTOR INN OF SPIRIT LAKE INC
Borrower Address
2702 17TH STREET
Borrower City
SPIRIT LAKE
Borrower State
IA
Borrower Zip
51360-1081
Loan Status Date
07/07/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
130900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38258
Servicing Lender Name
Bank Midwest
Servicing Lender Address
1525 18th St
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
51360-1023
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
New Business or 2 years or less
Project City
Project County Name
DICKINSON
Project State
Project Zip
CD
IA-04
Jobs Reported
12
NAICS Code
441110
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
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
132379.90
Forgiveness Date
06/04/2021