Date Approved
01/23/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
LAKE REGION ARTS COUNCIL INC.
Borrower Address
133 S Mill St
Borrower City
Fergus Falls
Borrower State
MN
Borrower Zip
56537-2574
Loan Status Date
09/28/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
35125.27
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38192
Servicing Lender Name
FM Bank
Servicing Lender Address
702 Prentice St
Servicing Lender City
GRANITE FALLS
Servicing Lender State
Servicing Lender Zip
56241-1541
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OTTER TAIL
Project State
Project Zip
CD
MN-07
Jobs Reported
3
NAICS Code
813219
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
35124.27
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Non-Profit Organization
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Y
Forgiveness Amount
35337.95
Forgiveness Date
09/08/2021