# PPP loan: LAKESTATE INDUSTRIES
> **$330K** approved 04/14/2020 · Paid in Full · Loan `6231517108`
## Borrower
- **Name:** LAKESTATE INDUSTRIES
- **Address:** 1830 N 21ST ST, ESCANABA, MI, 49829-9586
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $330K
- **Initial approval:** $330K
- **Forgiven:** $333K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Mortgage interest:** $27K
- **Utilities:** $28K
- **Debt interest:** $28K
- **Jobs reported:** 150
## Lender
- **Originating:** Upper Peninsula State Bank
- **Servicing:** Upper Peninsula State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*