Lakes Iron & Metal INC

$115,700 PPP Loan in Detroit Lakes, Minnesota

Loan Details

Loan Number
5205867001
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$115,700
Current Approval
$115,700
Forgiveness Amount
$116,448
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Lakes Iron & Metal INC
Address
500 Summit Ave
ZIP Code
56502
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423930)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$115,700

Lender Information

Servicing Lender
Bremer Bank, National Association
Originating Lender
Bremer Bank, National Association

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