Formosa Hospitality INC

$136,295 PPP Loan in Troy, Illinois

Loan Details

Loan Number
6771608304
Date Approved
Jan 27, 2021
Loan Status
Paid in Full
Initial Approval
$136,295
Current Approval
$136,295
Forgiveness Amount
$137,086
Forgiveness Date
Aug 27, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Formosa Hospitality INC
Address
2011 Formosa Rd
City
Troy
ZIP Code
62294-1384
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Holiday Inn Express (license Agreement)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$5.6M
Rural/Urban
Urban
Congressional District
IL-15

Loan Use Breakdown

Payroll
$136,292
Utilities
$1

Lender Information

Servicing Lender
First Mid Bank & Trust, National Association
Originating Lender
First Mid Bank & Trust, National Association

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