J&b Lakeland Logistics
$394,700 PPP Loan in Lake City, Minnesota
Loan Details
- Loan Number
- 4504177001
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $394,700
- Current Approval
- $394,700
- Forgiveness Amount
- $398,088
- Forgiveness Date
- Feb 17, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- J&b Lakeland Logistics
- Address
- 120 South Lakeshore Drive
- City
- Lake City
- State
- Minnesota
- ZIP Code
- 55041-1691
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Manufacturing (321920)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 67
- Estimated Revenue
- $66.5M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $340,000
- Rent
- $44,000
- Utilities
- $5,700
- Mortgage Interest
- $5,000
Lender Information
- Servicing Lender
- Merchants Bank, National Association
- Originating Lender
- Merchants Bank, National Association
Other PPP Loans in Lake City, MN
| Business | Approved | |
|---|---|---|
| J & B Pallet, LLC | $1,027,700 |  Research |
| Valley Craft Industries Inc. | $913,700 | Research |
| Valley Craft Industries INC | $882,095 | Research |
| Pepin Manufacturing, INC | $585,600 | Research |
| Kohlnhofer Farms INC | $394,400 | Research |
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