PPP Loan information for Lola inc

$60,000

Lola inc was initially approved for PPP Loan of amount $60,000, the current approved amount is $60,000. The loan was approved on 04/07/2020 by The Bank Midwest reported 27 jobs and $60,000 was used to fund payroll.

Lola inc is New Business or 2 years or less

PPP Loan Search / MN / NEW ULM / Lola inc

LOLA INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LOLA INC

Borrower Address

16 N MINNESOTA ST

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073-1728

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60000.00

Current Approval Amount

60000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38258

Servicing Lender Name

Bank Midwest

Servicing Lender Address

1525 18th St

Servicing Lender City

SPIRIT LAKE

Servicing Lender State

IA

Servicing Lender Zip

51360-1023

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-1728

CD

MN-01

Jobs Reported

27

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

60000.00

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

Corporation

Originating Lender Location Id

38258

Originating Lender

Bank Midwest

Originating Lender City

SPIRIT LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

60433.33

Forgiveness Date

01/08/2021

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