PPP Loan information for Latvala lumber co.

$201,852

Latvala lumber co. was initially approved for PPP Loan of amount $201,852, the current approved amount is $201,852. The loan was approved on 04/07/2020 by The Frandsen Bank & Trust reported 14 jobs and $201,852 was used to fund payroll.

Latvala lumber co. is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Latvala lumber co.

LATVALA LUMBER CO.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LATVALA LUMBER CO.

Borrower Address

1922 Glenwood Dr

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-3348

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

201852.00

Current Approval Amount

201852.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-3348

CD

MN-08

Jobs Reported

14

NAICS Code

444190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20370.00

Payroll Proceed

161482.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

203317.50

Forgiveness Date

01/07/2021

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