Lake Area Roofing & Construction, Inc.

$319,700 PPP Loan in Chisago City, Minnesota

Loan Details

Loan Number
5968777203
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$319,700
Current Approval
$319,700
Forgiveness Amount
$322,617
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lake Area Roofing & Construction, Inc.
Address
10425 Liberty Ln
ZIP Code
55013-5405
Business Type
Corporation
Industry (NAICS)
Construction (238160)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$12.9M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$279,970
Rent
$5,428
Utilities
$4,600
Health Care
$29,702

Lender Information

Servicing Lender
First Resource Bank
Originating Lender
First Resource Bank

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