PPP Loan information for Lake states construction inc

$360,500

Lake states construction inc was initially approved for PPP Loan of amount $360,500, the current approved amount is $360,500. The loan was approved on 04/15/2020 by The Deerwood Bank reported 27 jobs and $360,500 was used to fund payroll.

Lake states construction inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Lake states construction inc

LAKE STATES CONSTRUCTION INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKE STATES CONSTRUCTION INC

Borrower Address

25172 Commercial Dr

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

360500.00

Current Approval Amount

360500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-0001

CD

MN-08

Jobs Reported

27

NAICS Code

237130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7400.00

Payroll Proceed

339600.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

1500

Business Type

Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

363534.21

Forgiveness Date

02/16/2021

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