Lake State Inc.

$48,028 PPP Loan in Duluth, Minnesota

Loan Details

Loan Number
9747587101
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$48,028
Current Approval
$48,028
Forgiveness Amount
$48,346
Forgiveness Date
Dec 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Lake State Inc.
Address
5497 Miller Trunk Hwy
City
Duluth
ZIP Code
55811
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$36,021
Utilities
$4,803
Mortgage Interest
$7,204

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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