AMERICAN MOTELS INC. (IN) - 2020 PPP Loan Borrower Profile (# 4047608402)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to AMERICAN MOTELS INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.
You can see similar information for other borrowers in Indiana.
Loan Detail
Loan Number
4047608402
SBA Office Code
0562
Processing Method
PPS
Curent Loan Amount
$14,600
Date Loan was Approved
Feb 5, 2021
Amount Forgiven
$14,712.74
Date Loan was Forgiven
Nov 16, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Payroll Proced
14,600
Lender
1st Source Bank
Business Detail
Business Type
Corporation
NAICS
721110
Borrower Location
Mishawaka, IN
Project Location
Mishawaka, IN
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
10
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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