PPP Loan information for The lake effect restaurant inc.

$176,404

The lake effect restaurant inc. was initially approved for PPP Loan of amount $126,000, the current approved amount is $176,404. The loan was approved on 04/06/2020 by The National Bank of Commerce reported 40 jobs and $176,404 was used to fund payroll.

The lake effect restaurant inc. is Existing or more than 2 years old

PPP Loan Search / MN / DULUTH / The lake effect restaurant inc.

THE LAKE EFFECT RESTAURANT INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

THE LAKE EFFECT RESTAURANT INC.

Borrower Address

394 S. Lake Avenue #107A

Borrower City

DULUTH

Borrower State

MN

Borrower Zip

55802-2325

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

126000.00

Current Approval Amount

176404.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76833

Servicing Lender Name

National Bank of Commerce

Servicing Lender Address

1127 Tower Ave

Servicing Lender City

SUPERIOR

Servicing Lender State

WI

Servicing Lender Zip

54880-1502

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

55802-2325

CD

MN-08

Jobs Reported

40

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6500.00

Payroll Proceed

141123.00

Mortgage Interest Proceed

0.00

Rent Proceed

25000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3781.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

76833

Originating Lender

National Bank of Commerce

Originating Lender City

SUPERIOR

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

177911.89

Forgiveness Date

03/01/2021

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