PPP Loan information for Metro recreation inc.

$50,116

Metro recreation inc. was initially approved for PPP Loan of amount $50,116, the current approved amount is $50,116. The loan was approved on 04/26/2021 by The Lake Community Bank reported 12 jobs and $50,116 was used to fund payroll.

Metro recreation inc. is Existing or more than 2 years old

PPP Loan Search / MN / Excelsior / Metro recreation inc.

METRO RECREATION INC.

Date Approved

04/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

METRO RECREATION INC.

Borrower Address

5601 Manitou Rd

Borrower City

Excelsior

Borrower State

MN

Borrower Zip

55331-8567

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

50115.80

Current Approval Amount

50115.80

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38325

Servicing Lender Name

Lake Community Bank

Servicing Lender Address

1964 W Wayzata Blvd

Servicing Lender City

LONG LAKE

Servicing Lender State

MN

Servicing Lender Zip

55356-9494

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Excelsior

Project County Name

HENNEPIN

Project State

MN

Project Zip

55331-8567

CD

MN-03

Jobs Reported

12

NAICS Code

713950

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

50114.80

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

Subchapter S Corporation

Originating Lender Location Id

38325

Originating Lender

Lake Community Bank

Originating Lender City

LONG LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

50250.83

Forgiveness Date

08/04/2021

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