PPP Loan information for Lacheur development

$7,500

Lacheur development was initially approved for PPP Loan of amount $7,500, the current approved amount is $7,500. The loan was approved on 03/30/2021 by The Farmers State Bank of Underwood reported 1 jobs and $7,500 was used to fund payroll.

Lacheur development is Existing or more than 2 years old

PPP Loan Search / MN / Fergus Falls / Lacheur development

LACHEUR DEVELOPMENT

Date Approved

03/30/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

LACHEUR DEVELOPMENT

Borrower Address

535 W Laurel St

Borrower City

Fergus Falls

Borrower State

MN

Borrower Zip

56537-1935

Loan Status Date

04/01/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

7500.00

Current Approval Amount

7500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38959

Servicing Lender Name

Farmers State Bank of Underwood

Servicing Lender Address

110 Main St

Servicing Lender City

UNDERWOOD

Servicing Lender State

MN

Servicing Lender Zip

56586

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fergus Falls

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-1935

CD

MN-07

Jobs Reported

1

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

38959

Originating Lender

Farmers State Bank of Underwood

Originating Lender City

UNDERWOOD

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

7544.79

Forgiveness Date

11/03/2021

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