PPP Loan information for La machine shop inc.

$468,963

La machine shop inc. was initially approved for PPP Loan of amount $468,963, the current approved amount is $468,963. The loan was approved on 01/26/2021 by The Community Resource Bank reported 34 jobs and $468,963 was used to fund payroll.

La machine shop inc. is Existing or more than 2 years old

LA MACHINE SHOP INC.

Date Approved

01/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

LA MACHINE SHOP INC.

Borrower Address

15470 Lincoln Street NE

Borrower City

Ham Lake

Borrower State

MN

Borrower Zip

55304

Loan Status Date

09/23/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

468963.00

Current Approval Amount

468963.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38698

Servicing Lender Name

Community Resource Bank

Servicing Lender Address

1605 Heritage Dr

Servicing Lender City

NORTHFIELD

Servicing Lender State

MN

Servicing Lender Zip

55057-3265

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ham Lake

Project County Name

ANOKA

Project State

MN

Project Zip

55304

CD

MN-03

Jobs Reported

34

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

468961.00

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

38698

Originating Lender

Community Resource Bank

Originating Lender City

NORTHFIELD

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

471333.87

Forgiveness Date

08/04/2021

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