# PPP loan: MOTOR INN COMPANY
> **$282K** approved 04/10/2020 · Paid in Full · Loan `1725077104`
## Borrower
- **Name:** MOTOR INN COMPANY
- **Address:** 2114 E. Main St, ALBERT LEA, MN, 56007-3919
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $282K
- **Jobs reported:** 37
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*