Lakes Area Electric, INC
$358,190 PPP Loan in Chisago City, Minnesota
Loan Details
- Loan Number
- 5246997001
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $358,190
- Current Approval
- $358,190
- Forgiveness Amount
- $362,170
- Forgiveness Date
- May 21, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lakes Area Electric, INC
- Address
- 10629 258th St
- City
- Chisago City
- State
- Minnesota
- ZIP Code
- 55013-9782
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 8
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $358,190
Lender Information
- Servicing Lender
- Union Bank and Trust Company
- Originating Lender
- Union Bank and Trust Company
Other PPP Loans in Chisago City, MN
| Business | Approved | |
|---|---|---|
| Peterson Companies, Inc. | $2,726,200 |  AI Deep Dive |
| Kendall Howard L.l.c. | $480,122 | AI Deep Dive |
| Dresel Contracting, Inc. | $475,060 | AI Deep Dive |
| Brink's Market | $443,600 | AI Deep Dive |
| Lakes Area Electric Incorporated | $358,190 | AI Deep Dive |
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