PPP Loan information for Lotus on the lake inc.

$27,975

Lotus on the lake inc. was initially approved for PPP Loan of amount $27,975, the current approved amount is $27,975. The loan was approved on 04/10/2020 by The Western National Bank reported 6 jobs and $27,975 was used to fund payroll.

Lotus on the lake inc. is Existing or more than 2 years old

PPP Loan Search / MN / Duluth / Lotus on the lake inc.

LOTUS ON THE LAKE INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LOTUS ON THE LAKE INC.

Borrower Address

600 East Superior St Ste 211

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55802-2237

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

27975.00

Current Approval Amount

27975.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36821

Servicing Lender Name

Western National Bank

Servicing Lender Address

201 N Central Ave

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55807-2404

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Duluth

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55802-2237

CD

MN-08

Jobs Reported

6

NAICS Code

453220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

22000.00

Mortgage Interest Proceed

975.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36821

Originating Lender

Western National Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

22086.71

Forgiveness Date

10/16/2020

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