PPP Loan information for Lakestate industries

$330,400

Lakestate industries was initially approved for PPP Loan of amount $330,400, the current approved amount is $330,400. The loan was approved on 04/14/2020 by The Upper Peninsula State Bank reported 150 jobs and $330,400 was used to fund payroll.

Lakestate industries is Existing or more than 2 years old

PPP Loan Search / MI / ESCANABA / Lakestate industries

LAKESTATE INDUSTRIES

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAKESTATE INDUSTRIES

Borrower Address

1830 N 21ST ST

Borrower City

ESCANABA

Borrower State

MI

Borrower Zip

49829-9586

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

330400.00

Current Approval Amount

330400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34514

Servicing Lender Name

Upper Peninsula State Bank

Servicing Lender Address

430 N Lincoln Rd

Servicing Lender City

ESCANABA

Servicing Lender State

MI

Servicing Lender Zip

49829-1365

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ESCANABA

Project County Name

DELTA

Project State

MI

Project Zip

49829-9586

CD

MI-01

Jobs Reported

150

NAICS Code

624120

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

27542.00

Payroll Proceed

247874.00

Mortgage Interest Proceed

27442.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

27542

Business Type

Non-Profit Organization

Originating Lender Location Id

34514

Originating Lender

Upper Peninsula State Bank

Originating Lender City

ESCANABA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

333133.72

Forgiveness Date

02/17/2021

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