PPP Loan information for Forest lake restaurant inc

$200,100

Forest lake restaurant inc was initially approved for PPP Loan of amount $200,100, the current approved amount is $200,100. The loan was approved on 05/27/2020 by The Park State Bank reported 55 jobs and $200,100 was used to fund payroll.

Forest lake restaurant inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Forest lake restaurant inc

FOREST LAKE RESTAURANT INC

Date Approved

05/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FOREST LAKE RESTAURANT INC

Borrower Address

1201 NW 4th St

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-2207

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

200100.00

Current Approval Amount

200100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-2207

CD

MN-08

Jobs Reported

55

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

160080.00

Mortgage Interest Proceed

20020.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

201628.54

Forgiveness Date

03/11/2021

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