PPP Loan information for Laketown electric corporation

$1,637,000

Laketown electric corporation was initially approved for PPP Loan of amount $1,783,200, the current approved amount is $1,637,000. The loan was approved on 04/03/2020 by The Park State Bank reported 97 jobs and $1,637,000 was used to fund payroll.

Laketown electric corporation is Existing or more than 2 years old

PPP Loan Search / MN / WACONIA / Laketown electric corporation

LAKETOWN ELECTRIC CORPORATION

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LAKETOWN ELECTRIC CORPORATION

Borrower Address

8470 Hwy 5

Borrower City

WACONIA

Borrower State

MN

Borrower Zip

55387-9714

Loan Status Date

02/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1783200.00

Current Approval Amount

1637000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WACONIA

Project County Name

CARVER

Project State

MN

Project Zip

55387-9714

CD

MN-06

Jobs Reported

97

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1309600.00

Mortgage Interest Proceed

327400.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1649777.69

Forgiveness Date

01/20/2021

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