# PPP loan: LAKE STATES CONSTRUCTION INC
> **$361K** approved 04/15/2020 · Paid in Full · Loan `8992897110`
## Borrower
- **Name:** LAKE STATES CONSTRUCTION INC
- **Address:** 25172 Commercial Dr, GRAND RAPIDS, MN, 55744
- **NAICS:** 237130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $12K
- **Utilities:** $7K
- **Debt interest:** $2K
- **Jobs reported:** 27
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*