PPP Loan information for Lake region electric inc

$30,000

Lake region electric inc was initially approved for PPP Loan of amount $30,000, the current approved amount is $30,000. The loan was approved on 04/03/2020 by The First United Bank reported 3 jobs and $30,000 was used to fund payroll.

Lake region electric inc is Existing or more than 2 years old

PPP Loan Search / ND / DEVILS LAKE / Lake region electric inc

LAKE REGION ELECTRIC INC

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

LAKE REGION ELECTRIC INC

Borrower Address

507 1st St NE

Borrower City

DEVILS LAKE

Borrower State

ND

Borrower Zip

58301-3001

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

30000.00

Current Approval Amount

30000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52926

Servicing Lender Name

First United Bank

Servicing Lender Address

503 Briggs Ave South

Servicing Lender City

PARK RIVER

Servicing Lender State

ND

Servicing Lender Zip

58270

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEVILS LAKE

Project County Name

RAMSEY

Project State

ND

Project Zip

58301-3001

CD

ND-

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

30000.00

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

52926

Originating Lender

First United Bank

Originating Lender City

PARK RIVER

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

30175.89

Forgiveness Date

11/12/2020

;