PPP Loan information for Lake drive marine inc

$114,600

Lake drive marine inc was initially approved for PPP Loan of amount $114,600, the current approved amount is $114,600. The loan was approved on 04/07/2020 by The The Farmers & Merchants State Bank reported 18 jobs and $114,600 was used to fund payroll.

Lake drive marine inc is Existing or more than 2 years old

PPP Loan Search / MI / COLDWATER / Lake drive marine inc

LAKE DRIVE MARINE INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAKE DRIVE MARINE INC

Borrower Address

500 Warren Rd

Borrower City

COLDWATER

Borrower State

MI

Borrower Zip

49036-7517

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

114600.00

Current Approval Amount

114600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53250

Servicing Lender Name

The Farmers & Merchants State Bank

Servicing Lender Address

307 N Defiance St

Servicing Lender City

ARCHBOLD

Servicing Lender State

OH

Servicing Lender Zip

43502-1162

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLDWATER

Project County Name

BRANCH

Project State

MI

Project Zip

49036-7517

CD

MI-07

Jobs Reported

18

NAICS Code

441222

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

114600.00

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

Corporation

Originating Lender Location Id

53250

Originating Lender

The Farmers & Merchants State Bank

Originating Lender City

ARCHBOLD

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

115227.95

Forgiveness Date

11/03/2020

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