PPP Loan information for Lake state inc.

$48,028

Lake state inc. was initially approved for PPP Loan of amount $48,028, the current approved amount is $48,028. The loan was approved on 04/15/2020 by The Frandsen Bank & Trust reported 6 jobs and $48,028 was used to fund payroll.

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

PPP Loan Search / MN / DULUTH / Lake state inc.

LAKE STATE INC.

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKE STATE INC.

Borrower Address

5497 Miller Trunk Hwy

Borrower City

DULUTH

Borrower State

MN

Borrower Zip

55811

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48028.00

Current Approval Amount

48028.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DULUTH

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55811-1200

CD

MN-08

Jobs Reported

6

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4802.80

Payroll Proceed

36021.00

Mortgage Interest Proceed

7204.20

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

48346.43

Forgiveness Date

12/23/2020

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