PPP Loan information for Lakes area cooperative

$1,180,800

Lakes area cooperative was initially approved for PPP Loan of amount $1,180,800, the current approved amount is $1,180,800. The loan was approved on 04/07/2020 by The United Community Bank reported 151 jobs and $1,180,800 was used to fund payroll.

Lakes area cooperative is Existing or more than 2 years old

PPP Loan Search / MN / PERHAM / Lakes area cooperative

LAKES AREA COOPERATIVE

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKES AREA COOPERATIVE

Borrower Address

459 3RD AVE SE

Borrower City

PERHAM

Borrower State

MN

Borrower Zip

56573-1310

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1180800.00

Current Approval Amount

1180800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38738

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 W Main St

Servicing Lender City

PERHAM

Servicing Lender State

MN

Servicing Lender Zip

56573-1455

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PERHAM

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56573-1310

CD

MN-07

Jobs Reported

151

NAICS Code

424430

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1180800.00

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

38738

Originating Lender

United Community Bank

Originating Lender City

PERHAM

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1177279.50

Forgiveness Date

11/03/2020

;