PPP Loan information for Lane distributing inc.

$443,034

Lane distributing inc. was initially approved for PPP Loan of amount $443,034, the current approved amount is $443,034. The loan was approved on 01/25/2021 by The Peoples National Bank of Kewanee reported 241 jobs and $443,034 was used to fund payroll.

Lane distributing inc. is Existing or more than 2 years old

PPP Loan Search / MI / Plymouth / Lane distributing inc.

LANE DISTRIBUTING INC.

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LANE DISTRIBUTING INC.

Borrower Address

46750 Port St

Borrower City

Plymouth

Borrower State

MI

Borrower Zip

48170-6035

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

443034.15

Current Approval Amount

443034.15

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21609

Servicing Lender Name

Peoples National Bank of Kewanee

Servicing Lender Address

207 N Tremont St

Servicing Lender City

KEWANEE

Servicing Lender State

IL

Servicing Lender Zip

61443-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Plymouth

Project County Name

WAYNE

Project State

MI

Project Zip

48170-6035

CD

MI-06

Jobs Reported

241

NAICS Code

448190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

443028.15

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

Corporation

Originating Lender Location Id

21609

Originating Lender

Peoples National Bank of Kewanee

Originating Lender City

KEWANEE

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

445886.56

Forgiveness Date

10/20/2021

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