ALG LAKESIDE LLC (MI) - 2020 PPP Loan Borrower Profile (# 5694397002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALG LAKESIDE LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

5694397002

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$214,200

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$216,723.45

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,200

Payroll Proced

162,000

Rent Proceed

37,000

Lender

Isabella Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

STANWOOD, MI

Project Location

STANWOOD, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.