Motor Inn Company
$281,700 PPP Loan in Albert Lea, Minnesota
Loan Details
- Loan Number
- 1725077104
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $281,700
- Current Approval
- $281,700
- Forgiveness Amount
- $283,722
- Forgiveness Date
- Jan 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor Inn Company
- Address
- 2114 E. Main St
- City
- Albert Lea
- State
- Minnesota
- ZIP Code
- 56007-3919
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Honda Automobile Division - Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 37
- Estimated Revenue
- $9.3M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $281,700
Lender Information
- Servicing Lender
- Bmo Bank National Association
- Originating Lender
- Bmo Bank National Association
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