PPP Loan information for Lakes intl language academy

$236,700

Lakes intl language academy was initially approved for PPP Loan of amount $236,700, the current approved amount is $236,700. The loan was approved on 04/27/2020 by The MidWestOne Bank reported 256 jobs and $236,700 was used to fund payroll.

Lakes intl language academy is New Business or 2 years or less

PPP Loan Search / MN / FOREST LAKE / Lakes intl language academy

LAKES INTL LANGUAGE ACADEMY

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKES INTL LANGUAGE ACADEMY

Borrower Address

246 11TH AVE SE STE A

Borrower City

FOREST LAKE

Borrower State

MN

Borrower Zip

55025-1884

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

236700.00

Current Approval Amount

236700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

FOREST LAKE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55025-1884

CD

MN-06

Jobs Reported

256

NAICS Code

611630

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

236700.00

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

Non-Profit Organization

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

238751.40

Forgiveness Date

03/10/2021

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