PPP Loan information for The lake effect restaurant inc

$246,964

The lake effect restaurant inc was initially approved for PPP Loan of amount $246,964, the current approved amount is $246,964. The loan was approved on 01/22/2021 by The National Bank of Commerce reported 38 jobs and $246,964 was used to fund payroll.

The lake effect restaurant inc is Existing or more than 2 years old

PPP Loan Search / MN / Duluth / The lake effect restaurant inc

THE LAKE EFFECT RESTAURANT INC

Date Approved

01/22/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

THE LAKE EFFECT RESTAURANT INC

Borrower Address

394 S Lake Ave

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55802-2325

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

246963.50

Current Approval Amount

246963.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76833

Servicing Lender Name

National Bank of Commerce

Servicing Lender Address

1127 Tower Ave

Servicing Lender City

SUPERIOR

Servicing Lender State

WI

Servicing Lender Zip

54880-1502

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Duluth

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55802-2325

CD

MN-08

Jobs Reported

38

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

246960.50

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

76833

Originating Lender

National Bank of Commerce

Originating Lender City

SUPERIOR

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

248904.87

Forgiveness Date

11/10/2021

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