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Lanesboro Sales Commission INC

$276,800 PPP Loan in Lanesboro, Minnesota

Loan Details

Loan Number
7964777009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$276,800
Current Approval
$276,800
Forgiveness Amount
$279,407
Forgiveness Date
Mar 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lanesboro Sales Commission INC
Address
402 Coffee St
City
Lanesboro
State
Minnesota
ZIP Code
55949-9016
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424520)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$20.1M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$247,300
Rent
$15,000
Utilities
$14,500

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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