PPP Loan information for Right choice lodging

$551,351

Right choice lodging was initially approved for PPP Loan of amount $603,200, the current approved amount is $551,351. The loan was approved on 01/16/2021 by The Midwest Bank reported 80 jobs and $551,351 was used to fund payroll.

Right choice lodging is Existing or more than 2 years old

PPP Loan Search / MN / Detroit Lakes / Right choice lodging

RIGHT CHOICE LODGING

Date Approved

01/16/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RIGHT CHOICE LODGING

Borrower Address

1155 Highway 10 E

Borrower City

Detroit Lakes

Borrower State

MN

Borrower Zip

56501-4215

Loan Status Date

04/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

603200.00

Current Approval Amount

551351.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Detroit Lakes

Project County Name

BECKER

Project State

MN

Project Zip

56501-4215

CD

MN-07

Jobs Reported

80

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

551351.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

557861.47

Forgiveness Date

03/29/2022

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