PPP Loan information for Michael's bakery products,llc

$856,100

Michael's bakery products,llc was initially approved for PPP Loan of amount $856,100, the current approved amount is $856,100. The loan was approved on 04/09/2020 by The Clear Lake Bank & Trust Company reported 85 jobs and $856,100 was used to fund payroll.

Michael's bakery products,llc is Existing or more than 2 years old

PPP Loan Search / IA / CLEAR LAKE / Michael's bakery products,llc

MICHAEL'S BAKERY PRODUCTS,LLC

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MICHAEL'S BAKERY PRODUCTS,LLC

Borrower Address

2205 6TH AVE S

Borrower City

CLEAR LAKE

Borrower State

IA

Borrower Zip

50428-2644

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

856100.00

Current Approval Amount

856100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24776

Servicing Lender Name

Clear Lake Bank & Trust Company

Servicing Lender Address

322 Main Ave

Servicing Lender City

CLEAR LAKE

Servicing Lender State

IA

Servicing Lender Zip

50428-1825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLEAR LAKE

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50428-2644

CD

IA-02

Jobs Reported

85

NAICS Code

311812

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30000.00

Payroll Proceed

700000.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

81100.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

24776

Originating Lender

Clear Lake Bank & Trust Company

Originating Lender City

CLEAR LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

861260.38

Forgiveness Date

11/19/2020

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