PPP Loan information for Lakes motorsports, inc.

$40,200

Lakes motorsports, inc. was initially approved for PPP Loan of amount $40,200, the current approved amount is $40,200. The loan was approved on 04/27/2020 by The Waterford Bank, National Association reported 7 jobs and $40,200 was used to fund payroll.

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

PPP Loan Search / MI / WATERFORD / Lakes motorsports, inc.

LAKES MOTORSPORTS, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAKES MOTORSPORTS, INC.

Borrower Address

4713 DIXIE HWY

Borrower City

WATERFORD

Borrower State

MI

Borrower Zip

48329-3522

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40200.00

Current Approval Amount

40200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

449988

Servicing Lender Name

Waterford Bank, National Association

Servicing Lender Address

3900 N McCord Rd

Servicing Lender City

TOLEDO

Servicing Lender State

OH

Servicing Lender Zip

43617-1049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WATERFORD

Project County Name

OAKLAND

Project State

MI

Project Zip

48329-3522

CD

MI-11

Jobs Reported

7

NAICS Code

441228

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2707.00

Payroll Proceed

35779.00

Mortgage Interest Proceed

515.00

Rent Proceed

1199.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

449988

Originating Lender

Waterford Bank, National Association

Originating Lender City

TOLEDO

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

40510.43

Forgiveness Date

02/04/2021

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