Lake Superior Laundry Inc/wbdf

$453,146 PPP Loan in Pine City, Minnesota

Loan Details

Loan Number
8900447108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$453,146
Current Approval
$453,146
Forgiveness Amount
$458,931
Forgiveness Date
Aug 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lake Superior Laundry Inc/wbdf
Address
129 E 6th Ave
ZIP Code
55063
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (812320)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
$18.9M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$340,000
Utilities
$69,146
Health Care
$24,000
Mortgage Interest
$20,000

Lender Information

Servicing Lender
Stearns Bank National Association
Originating Lender
Stearns Bank National Association

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