PPP Loan information for Lares corporation

$339,675

Lares corporation was initially approved for PPP Loan of amount $339,675, the current approved amount is $339,675. The loan was approved on 02/12/2021 by The Cambridge State Bank reported 26 jobs and $339,675 was used to fund payroll.

Lares corporation is Existing or more than 2 years old

PPP Loan Search / MN / Cambridge / Lares corporation

LARES CORPORATION

Date Approved

02/12/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LARES CORPORATION

Borrower Address

855 Cleveland St S

Borrower City

Cambridge

Borrower State

MN

Borrower Zip

55008-1779

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

339675.00

Current Approval Amount

339675.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36703

Servicing Lender Name

Cambridge State Bank

Servicing Lender Address

127 S Main St

Servicing Lender City

CAMBRIDGE

Servicing Lender State

MN

Servicing Lender Zip

55008-1535

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Cambridge

Project County Name

ISANTI

Project State

MN

Project Zip

55008-1779

CD

MN-08

Jobs Reported

26

NAICS Code

336330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

339674.00

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

Corporation

Originating Lender Location Id

36703

Originating Lender

Cambridge State Bank

Originating Lender City

CAMBRIDGE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

341845.15

Forgiveness Date

10/06/2021

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