Durga Motel INC

$97,667 PPP Loan in Cloquet, Minnesota

Loan Details

Loan Number
8004157204
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$97,667
Current Approval
$97,667
Forgiveness Amount
$98,437
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Durga Motel INC
Address
111 Big Lake Ro
ZIP Code
55720
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Americinn by Wyndham
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$8.8M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$73,300
Utilities
$10,000
Mortgage Interest
$14,367

Lender Information

Servicing Lender
First Independent Bank
Originating Lender
First Independent Bank

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