Date Approved
01/16/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
LAKES INN, LLC
Borrower Address
48153 US Highway 59
Borrower City
Pelican Rapids
Borrower State
MN
Borrower Zip
56572-7287
Loan Status Date
09/15/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
38400.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
435423
Servicing Lender Name
VisionBank
Servicing Lender Address
3059 Joppa Ave South
Servicing Lender City
SAINT LOUIS PARK
Servicing Lender State
Servicing Lender Zip
55416-4458
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OTTER TAIL
Project State
Project Zip
CD
MN-07
Jobs Reported
11
NAICS Code
721110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
38397.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
38621.87
Forgiveness Date
08/18/2021