Lakes Area Cooperative

$1,180,800 PPP Loan in Perham, Minnesota

Loan Details

Loan Number
6748607005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,180,800
Current Approval
$1,180,800
Forgiveness Amount
$1,187,363
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lakes Area Cooperative
Address
459 3rd Ave SE
City
Perham
ZIP Code
56573-1310
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424430)
Business Age
Existing or more than 2 years old
Jobs Reported
151
Estimated Revenue
$38.9M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$1,180,800

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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