PPP Loan information for Lake effect construction inc

$50,927

Lake effect construction inc was initially approved for PPP Loan of amount $50,927, the current approved amount is $50,927. The loan was approved on 04/09/2020 by The Frandsen Bank & Trust reported 4 jobs and $50,927 was used to fund payroll.

Lake effect construction inc is New Business or 2 years or less

PPP Loan Search / WI / POPLAR / Lake effect construction inc

LAKE EFFECT CONSTRUCTION INC

Date Approved

04/09/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

LAKE EFFECT CONSTRUCTION INC

Borrower Address

10321 E Homestead Rd

Borrower City

POPLAR

Borrower State

WI

Borrower Zip

54864-9129

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50927.00

Current Approval Amount

50927.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

POPLAR

Project County Name

DOUGLAS

Project State

WI

Project Zip

54864-9129

CD

WI-07

Jobs Reported

4

NAICS Code

238910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5093.00

Payroll Proceed

38195.00

Mortgage Interest Proceed

7639.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

51295.35

Forgiveness Date

01/07/2021

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