Date Approved
03/20/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
SM HOSPITALITY LLC
Borrower Address
1091 W US Highway 223
Borrower City
Adrian
Borrower State
MI
Borrower Zip
49221-8452
Loan Status Date
08/16/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
51789.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Super 8 by Wyndhan
Servicing Lender Location Id
188567
Servicing Lender Name
Loan Source Incorporated
Servicing Lender Address
353 East 83rd Street Suite 3H
Servicing Lender City
NEW YORK
Servicing Lender State
NY
Servicing Lender Zip
10028
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LENAWEE
Project State
Project Zip
CD
MI-05
Jobs Reported
12
NAICS Code
721110
Race
Asian
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
51784.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Partnership
Originating Lender Location Id
29599
Originating Lender
Northeast Bank
Originating Lender City
LEWISTON
Originating Lender State
ME
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
52458.71
Forgiveness Date
07/12/2022