Old Log Cabin INC

$108,000 PPP Loan in Forest Lake, Minnesota

Loan Details

Loan Number
1396627210
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$108,000
Current Approval
$108,000
Forgiveness Amount
$109,419
Forgiveness Date
Aug 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Old Log Cabin INC
Address
9726 Scandia Trail N
ZIP Code
55025
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$8.3M
Rural/Urban
Urban
Congressional District
MN-08

Loan Use Breakdown

Payroll
$81,000
Rent
$6,750
Utilities
$6,750
Mortgage Interest
$6,750
Refinance EIDL
$6,750

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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