PPP Loan information for Lakes communities, inc.

$633,000

Lakes communities, inc. was initially approved for PPP Loan of amount $550,800, the current approved amount is $633,000. The loan was approved on 04/07/2020 by The Magnifi Financial CU reported 75 jobs and $633,000 was used to fund payroll.

Lakes communities, inc. is Existing or more than 2 years old

PPP Loan Search / MN / LAKEFIELD / Lakes communities, inc.

LAKES COMMUNITIES, INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKES COMMUNITIES, INC.

Borrower Address

403 Colonial Ave

Borrower City

LAKEFIELD

Borrower State

MN

Borrower Zip

56150-9573

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

550800.00

Current Approval Amount

633000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKEFIELD

Project County Name

JACKSON

Project State

MN

Project Zip

56150-9573

CD

MN-01

Jobs Reported

75

NAICS Code

623311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

32379.00

Payroll Proceed

509678.00

Mortgage Interest Proceed

79943.00

Rent Proceed

11000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

639399.37

Forgiveness Date

04/15/2021

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