PPP Loan information for Lanesboro sales commission inc

$276,800

Lanesboro sales commission inc was initially approved for PPP Loan of amount $276,800, the current approved amount is $276,800. The loan was approved on 04/08/2020 by The Merchants Bank, National Association reported 78 jobs and $276,800 was used to fund payroll.

Lanesboro sales commission inc is Existing or more than 2 years old

PPP Loan Search / MN / LANESBORO / Lanesboro sales commission inc

LANESBORO SALES COMMISSION INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LANESBORO SALES COMMISSION INC

Borrower Address

402 Coffee St

Borrower City

LANESBORO

Borrower State

MN

Borrower Zip

55949-9016

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

276800.00

Current Approval Amount

276800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANESBORO

Project County Name

FILLMORE

Project State

MN

Project Zip

55949-9016

CD

MN-01

Jobs Reported

78

NAICS Code

424520

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14500.00

Payroll Proceed

247300.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

279406.53

Forgiveness Date

03/23/2021

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