Ruttger's Bay Lake Lodge, Inc.

$550,000 PPP Loan in Deerwood, Minnesota

Loan Details

Loan Number
1552027101
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$550,000
Current Approval
$550,000
Forgiveness Amount
$553,068
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ruttger's Bay Lake Lodge, Inc.
Address
25039 Tame Fish Lake Road
ZIP Code
56444-8544
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Business Age
Existing or more than 2 years old
Jobs Reported
126
Estimated Revenue
$39.4M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$460,000
Utilities
$46,400
Health Care
$15,200
Mortgage Interest
$28,400

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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