PPP Loan information for Economy inn, inc.

$43,470

Economy inn, inc. was initially approved for PPP Loan of amount $43,470, the current approved amount is $43,470. The loan was approved on 04/27/2020 by The Pinnacle Bank reported 10 jobs and $43,470 was used to fund payroll.

Economy inn, inc. is Existing or more than 2 years old

PPP Loan Search / NC / MONROE / Economy inn, inc.

ECONOMY INN, INC.

Date Approved

04/27/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ECONOMY INN, INC.

Borrower Address

412 ROOSEVELT BLVD

Borrower City

MONROE

Borrower State

NC

Borrower Zip

28110

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

43470.00

Current Approval Amount

43470.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203685

Servicing Lender Name

Pinnacle Bank

Servicing Lender Address

150 Third Ave S, Ste 900

Servicing Lender City

NASHVILLE

Servicing Lender State

TN

Servicing Lender Zip

37201-2034

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MONROE

Project County Name

UNION

Project State

NC

Project Zip

28110-0001

CD

NC-08

Jobs Reported

10

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

43470.00

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

Corporation

Originating Lender Location Id

203685

Originating Lender

Pinnacle Bank

Originating Lender City

NASHVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

43782.03

Forgiveness Date

01/19/2021

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