PPP Loan information for Lake auto service, inc.

$55,000

Lake auto service, inc. was initially approved for PPP Loan of amount $55,000, the current approved amount is $55,000. The loan was approved on 04/07/2020 by The Clear Lake Bank & Trust Company reported 8 jobs and $55,000 was used to fund payroll.

Lake auto service, inc. is Existing or more than 2 years old

PPP Loan Search / IA / CLEAR LAKE / Lake auto service, inc.

LAKE AUTO SERVICE, INC.

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

LAKE AUTO SERVICE, INC.

Borrower Address

712 BUDDY HOLLY PL

Borrower City

CLEAR LAKE

Borrower State

IA

Borrower Zip

50428-1363

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55000.00

Current Approval Amount

55000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24776

Servicing Lender Name

Clear Lake Bank & Trust Company

Servicing Lender Address

322 Main Ave

Servicing Lender City

CLEAR LAKE

Servicing Lender State

IA

Servicing Lender Zip

50428-1825

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLEAR LAKE

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50428-1363

CD

IA-02

Jobs Reported

8

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2000.00

Payroll Proceed

45000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24776

Originating Lender

Clear Lake Bank & Trust Company

Originating Lender City

CLEAR LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

55406.39

Forgiveness Date

01/11/2021

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