As part of the Paycheck Protection Program LAKETOWN ELECTRIC CORPORATION 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.

LAKETOWN ELECTRIC CORPORATION


Loan Amount	$1,637,000
BusinessName	LAKETOWN ELECTRIC CORPORATION
Address	8470 Hwy 5
City	WACONIA
State	MN
Zip	55387
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	97
DateApproved	04/03/2020
Lender	American Bank of the North
CD	MN-03
BusinessName.clean	LAKETOWN ELECTRIC

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

LAKEVIEW AUTO SALES AND SERVICE
LAKEVIEW BUS LINES
LAKEVIEW CHRISTIAN HOME OF THE SOUTHWEST
LAKEVIEW CLINIC LTD
LAKEVIEW CONSTRUCTION