North Shore Resort Company

$779,937 PPP Loan in Lutsen, Minnesota

Loan Details

Loan Number
5677157009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$779,937
Current Approval
$779,937
Forgiveness Amount
$784,553
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
North Shore Resort Company
Address
5700 W Highway 61
City
Lutsen
ZIP Code
55612
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Business Age
New Business or 2 years or less
Jobs Reported
127
Estimated Revenue
$39.7M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$548,271
Rent
$84,000
Utilities
$92,150
Health Care
$55,516

Lender Information

Servicing Lender
National Bank of Commerce
Originating Lender
National Bank of Commerce

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