Canal Properties INC

$299,400 PPP Loan in Duluth, Minnesota

Loan Details

Loan Number
5603838310
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$299,400
Current Approval
$299,400
Forgiveness Amount
$300,696
Forgiveness Date
Jul 7, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Canal Properties INC
Address
310 Canal Park Dr
City
Duluth
ZIP Code
55802-2316
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Hampton Inn
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$9.7M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$299,397
Utilities
$1

Lender Information

Servicing Lender
National Bank of Commerce
Originating Lender
National Bank of Commerce

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