Lake Region Coop Oil Associaton

$326,500 PPP Loan in Maple Lake, Minnesota

Loan Details

Loan Number
7858047009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$326,500
Current Approval
$326,500
Forgiveness Amount
$328,967
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lake Region Coop Oil Associaton
Address
4825 State Highway 55 NW
ZIP Code
55358-4630
Business Type
Cooperative
Industry (NAICS)
Retail Trade (447110)
Business Age
Existing or more than 2 years old
Jobs Reported
57
Estimated Revenue
$19.1M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$326,500

Lender Information

Servicing Lender
Star Bank
Originating Lender
Star Bank

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