As part of the Paycheck Protection Program LAKE REGION ELECTRIC COOPERATIVE was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

LAKE REGION ELECTRIC COOPERATIVE


Loan Amount	$1,643,527
BusinessName	LAKE REGION ELECTRIC COOPERATIVE
Address	1401 S BROADWAY
City	PELICAN RAPIDS
State	MN
Zip	56572
NAICSCode	221122
BusinessType	Cooperative
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	70
DateApproved	06/09/2020
Lender	CoBank ACB
CD	MN-07
BusinessName.clean	LAKE REGION ELECTRIC COOPERATIVE

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

LAKE REGION MEDICAL GROUP PA
LAKE RIDGE ACADEMY
AMINO BROTHERS CO
AMINO TRANSPORT
LAKE SHORE CRYOTRONICS