Chin Fong Inn, Inc. Dba: Best Western Plus Chelsea Hotel

$101,500 PPP Loan in Monticello, Minnesota

Loan Details

Loan Number
1228418301
Date Approved
Jan 16, 2021
Loan Status
Paid in Full
Initial Approval
$101,500
Current Approval
$101,500
Forgiveness Amount
$102,191
Forgiveness Date
Sep 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Chin Fong Inn, Inc. Dba: Best Western Plus Chelsea Hotel
Address
89 Chelsea Rd
ZIP Code
55362-8912
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$101,494
Utilities
$1

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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