Motor Inn of Algona, Inc.
$141,500 PPP Loan in Algona, Iowa
Loan Details
- Loan Number
- 9199637003
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $141,500
- Current Approval
- $141,500
- Forgiveness Amount
- $142,687
- Forgiveness Date
- Feb 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Motor Inn of Algona, Inc.
- Address
- 1107 Main Street
- City
- Algona
- State
- Iowa
- ZIP Code
- 50511
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 13
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- IA-04
Loan Use Breakdown
- Payroll
- $106,125
- Rent
- $17,600
- Utilities
- $3,788
- Health Care
- $13,987
Lender Information
- Servicing Lender
- Northwest Bank
- Originating Lender
- Northwest Bank
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