PPP Loan information for Lake mills motor sports inc

$45,800

Lake mills motor sports inc was initially approved for PPP Loan of amount $45,800, the current approved amount is $45,800. The loan was approved on 04/04/2020 by The Manufacturers Bank & Trust Company reported 6 jobs and $45,800 was used to fund payroll.

Lake mills motor sports inc is Existing or more than 2 years old

PPP Loan Search / IA / LAKE MILLS / Lake mills motor sports inc

LAKE MILLS MOTOR SPORTS INC

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

LAKE MILLS MOTOR SPORTS INC

Borrower Address

45563 HIGHWAY 69 Ste C

Borrower City

LAKE MILLS

Borrower State

IA

Borrower Zip

50450-7723

Loan Status Date

03/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45800.00

Current Approval Amount

45800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25006

Servicing Lender Name

Manufacturers Bank & Trust Company

Servicing Lender Address

245 E 'J' St

Servicing Lender City

FOREST CITY

Servicing Lender State

IA

Servicing Lender Zip

50436

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKE MILLS

Project County Name

WINNEBAGO

Project State

IA

Project Zip

50450-7723

CD

IA-04

Jobs Reported

6

NAICS Code

441228

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3000.00

Payroll Proceed

34350.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5000.00

Debt Interest Proceed

3450

Business Type

Corporation

Originating Lender Location Id

25006

Originating Lender

Manufacturers Bank & Trust Company

Originating Lender City

FOREST CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

46086.25

Forgiveness Date

11/27/2020

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