As part of the Paycheck Protection Program LAKES AREA 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.

LAKES AREA COOPERATIVE


Loan Amount	$1,180,800
BusinessName	LAKES AREA COOPERATIVE
Address	459 3RD AVE SE
City	PERHAM
State	MN
Zip	56573
NAICSCode	424430
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	151
DateApproved	04/07/2020
Lender	United Community Bank
CD	MN-07
BusinessName.clean	LAKES AREA 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

LAKES GAS CO
LAKES REGION COMMUNITY SERVICES COUNCIL
LAKES REGION EMS
LAKES REGIONAL HEALTHCARE
LAKES REGIONAL MHMR CENTER