# PPP loan: LAKES LOGISTICS, INC.
> **$182K** approved 04/09/2020 · Paid in Full · Loan `9865917007`
## Borrower
- **Name:** LAKES LOGISTICS, INC.
- **Address:** 1106 29TH ST, SPIRIT LAKE, IA, 51360-7193
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Rent:** $2K
- **Utilities:** $2K
- **Jobs reported:** 28
## Lender
- **Originating:** The State Bank
- **Servicing:** The State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*