PPP Loan information for Laneco, inc.

$147,200

Laneco, inc. was initially approved for PPP Loan of amount $147,200, the current approved amount is $147,200. The loan was approved on 04/13/2020 by The The Bank of Elk River reported 24 jobs and $147,200 was used to fund payroll.

Laneco, inc. is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Laneco, inc.

LANECO, INC.

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LANECO, INC.

Borrower Address

12178 87TH ST

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-7386

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

147200.00

Current Approval Amount

147200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38030

Servicing Lender Name

The Bank of Elk River

Servicing Lender Address

630 Main St

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1503

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK RIVER

Project County Name

WRIGHT

Project State

MN

Project Zip

55330-7386

CD

MN-06

Jobs Reported

24

NAICS Code

445110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

147200.00

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

Subchapter S Corporation

Originating Lender Location Id

38030

Originating Lender

The Bank of Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

148240.48

Forgiveness Date

01/07/2021

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