Date Approved
02/08/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
GARAGE LANES L.L.C.
Borrower Address
16 W 1st St
Borrower City
Waconia
Borrower State
MN
Borrower Zip
55387-1410
Loan Status Date
01/21/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
150000.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38227
Servicing Lender Name
Flagship Bank Minnesota
Servicing Lender Address
1415 Wayzata Blvd East
Servicing Lender City
WAYZATA
Servicing Lender State
Servicing Lender Zip
55391-1938
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
CARVER
Project State
Project Zip
CD
MN-06
Jobs Reported
NAICS Code
722511
Race
Black or African American
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
149996.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
151167.12
Forgiveness Date
12/01/2021