Arbor Lakes Restaurant Group, INC

$672,600 PPP Loan in Maple Grove, Minnesota

Loan Details

Loan Number
4422307010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$672,600
Current Approval
$672,600
Forgiveness Amount
$677,850
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Arbor Lakes Restaurant Group, INC
Address
12635 Elm Creek Blvd
ZIP Code
55369-7046
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
104
Estimated Revenue
$18.5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$586,600
Rent
$66,000
Utilities
$20,000

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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