PPP Loan information for Lake industries inc.

$1,062,500

Lake industries inc. was initially approved for PPP Loan of amount $1,062,500, the current approved amount is $1,062,500. The loan was approved on 03/20/2021 by The Rockland Trust Company reported 80 jobs and $1,062,500 was used to fund payroll.

Lake industries inc. is Existing or more than 2 years old

PPP Loan Search / MA / Stoneham / Lake industries inc.

LAKE INDUSTRIES INC.

Date Approved

03/20/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

LAKE INDUSTRIES INC.

Borrower Address

41 Pleasant St

Borrower City

Stoneham

Borrower State

MA

Borrower Zip

02180-3829

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1062500.00

Current Approval Amount

1062500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33263

Servicing Lender Name

Rockland Trust Company

Servicing Lender Address

288 Union St

Servicing Lender City

ROCKLAND

Servicing Lender State

MA

Servicing Lender Zip

02370-1803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Stoneham

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02180-3829

CD

MA-05

Jobs Reported

80

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1062496.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33263

Originating Lender

Rockland Trust Company

Originating Lender City

ROCKLAND

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1067871.53

Forgiveness Date

09/22/2021

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