PPP Loan information for Lakeland mental health center

$2,289,000

Lakeland mental health center was initially approved for PPP Loan of amount $2,289,100, the current approved amount is $2,289,000. The loan was approved on 04/06/2020 by The FM Bank reported 185 jobs and $2,289,000 was used to fund payroll.

Lakeland mental health center is Existing or more than 2 years old

PPP Loan Search / MN / FERGUS FALLS / Lakeland mental health center

LAKELAND MENTAL HEALTH CENTER

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKELAND MENTAL HEALTH CENTER

Borrower Address

980 S TOWER RD

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-5505

Loan Status Date

05/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2289100.00

Current Approval Amount

2289000.00

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

MN

Servicing Lender Zip

56241-1541

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FERGUS FALLS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-5505

CD

MN-07

Jobs Reported

185

NAICS Code

621420

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2289000.00

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

Non-Profit Organization

Originating Lender Location Id

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2336347.81

Forgiveness Date

05/12/2022

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