Chin Fong Inn, Inc. Dba: Best Western Plus Chelsea Hotel
$72,500 PPP Loan in Monticello, Minnesota
Loan Details
- Loan Number
- 4649487001
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $72,500
- Current Approval
- $72,500
- Forgiveness Amount
- $73,094
- Forgiveness Date
- Feb 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Chin Fong Inn, Inc. Dba: Best Western Plus Chelsea Hotel
- Address
- 89 Chelsea Rd
- City
- Monticello
- State
- Minnesota
- 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
- 13
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $54,375
- Utilities
- $3,625
- Mortgage Interest
- $14,500
Lender Information
- Servicing Lender
- First Bank Elk River
- Originating Lender
- First Bank Elk River
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