AIR-LAKE MACHINE & WELDING INC. (MN) - 2020 PPP Loan Borrower Profile (# 2902148409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AIR-LAKE MACHINE & WELDING INC.. 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 Minnesota.

Loan Detail

Loan Number

2902148409

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$281,849.04

Date Loan was Approved

Feb 4, 2021

Amount Forgiven

$282,835.51

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

281,849.04

Lender

Vermillion State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811310

Borrower Location

Lakeville, MN

Project Location

Lakeville, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.