Root River Saloon
$34,400 PPP Loan in Lanesboro, Minnesota
Loan Details
- Loan Number
- 2272987107
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $34,400
- Current Approval
- $34,400
- Forgiveness Amount
- $34,668
- Forgiveness Date
- Jan 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Root River Saloon
- Address
- Po Box 18 112 Coffee Street
- City
- Lanesboro
- State
- Minnesota
- ZIP Code
- 55949-0212
- Business Type
- Sole Proprietorship
- Industry (NAICS)
- Retail Trade (445310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 7
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $31,400
- Rent
- $1,200
- Utilities
- $1,800
Lender Information
- Servicing Lender
- Merchants Bank, National Association
- Originating Lender
- Merchants Bank, National Association
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|---|---|---|
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| Lanesboro Sales Commission INC | $276,800 | AI Deep Dive |
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| Preston Specialties INC | $200,100 | AI Deep Dive |
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