PPP Loan information for Lake hospitality, inc

$160,100

Lake hospitality, inc was initially approved for PPP Loan of amount $160,100, the current approved amount is $160,100. The loan was approved on 04/08/2020 by The Waterford Bank, National Association reported 20 jobs and $160,100 was used to fund payroll.

Lake hospitality, inc is Existing or more than 2 years old

PPP Loan Search / MI / CLARKSTON / Lake hospitality, inc

LAKE HOSPITALITY, INC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAKE HOSPITALITY, INC

Borrower Address

7734 SOMERHILL LN

Borrower City

CLARKSTON

Borrower State

MI

Borrower Zip

48348-4383

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

160100.00

Current Approval Amount

160100.00

Undisbursed Amount

0.00

Franchise Name

Culver's ButterBurgers & Frozen Custard

Servicing Lender Location Id

449988

Servicing Lender Name

Waterford Bank, National Association

Servicing Lender Address

3900 N McCord Rd

Servicing Lender City

TOLEDO

Servicing Lender State

OH

Servicing Lender Zip

43617-1049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLARKSTON

Project County Name

OAKLAND

Project State

MI

Project Zip

48348-4383

CD

MI-09

Jobs Reported

20

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18000.00

Payroll Proceed

123460.00

Mortgage Interest Proceed

10640.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

449988

Originating Lender

Waterford Bank, National Association

Originating Lender City

TOLEDO

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

162310.27

Forgiveness Date

08/26/2021

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