Loans Issued BY Minnesota Lakes Bank

Loan Amount Company Name Location Lender
$1-2M HARGER, INC. Grayslake , IL State Bank of the Lakes, National Association
$1-2M HOLIAN INSULATION COMPANY INC. Spring grove , IL State Bank of the Lakes, National Association
$1-2M JAC MASONRY, INC. Lake villa , IL State Bank of the Lakes, National Association
$1-2M KRAUSE ELECTRICAL CONTRACTORS, INC. Zion , IL State Bank of the Lakes, National Association
$1-2M MERIT CONTRACTORS, LLC Antioch , IL State Bank of the Lakes, National Association
$350K-1M ALL SEASONS INSULATION, INC. Lake villa , IL State Bank of the Lakes, National Association
$350K-1M BIAGI PLUMBING CORPORATION Gurnee , IL State Bank of the Lakes, National Association
$350K-1M DIGI-TRAX CORPORATION Lincolnshire , IL State Bank of the Lakes, National Association
$350K-1M JAMES HAMLIN & CO., P.C. Antioch , IL State Bank of the Lakes, National Association
$350K-1M L.A.C.E., INC. Lake zurich , IL State Bank of the Lakes, National Association
$350K-1M LAKE COUNTY CRISIS CENTER FOR THE PREVENTION & TREATMENT OF DOMESTIC VIOLENCE IN Zion , IL State Bank of the Lakes, National Association
$350K-1M MASTERMOLDING, INC. Joliet , IL State Bank of the Lakes, National Association
$350K-1M NICASA NFP Round lake , IL State Bank of the Lakes, National Association
$350K-1M PREMIERE ONBOARD LLC Lincolnshire , IL State Bank of the Lakes, National Association
$350K-1M STATELINE CORPORATION Antioch , IL State Bank of the Lakes, National Association
$350K-1M SUPER SPRAY CAR WASH, INC. Chicago , IL State Bank of the Lakes, National Association
$350K-1M SUPERIOR PAVING INC Fox lake , IL State Bank of the Lakes, National Association
$350K-1M SUPERIOR SUPER AUTO WASH, INC. Chicago , IL State Bank of the Lakes, National Association
$350K-1M SWEDERSKI CONCRETE CONSTRUCTION INC Spring grove , IL State Bank of the Lakes, National Association
$350K-1M WESTERN SLATE COMPANY Hampshire , IL State Bank of the Lakes, National Association
$150K-350K 3CD CORPORATION Country club hills , IL Great Lakes CU
$150K-350K ACAMARD TECHNOLOGIES INC Lake zurich , IL State Bank of the Lakes, National Association
$150K-350K ADVENT TOOL AND MANUFACTURING, INC Antioch , IL State Bank of the Lakes, National Association
$150K-350K ANG RESTAURANT, INC Antioch , IL State Bank of the Lakes, National Association
$150K-350K BMI PRODUCTS OF NORTHERN ILLINOIS, INC. Antioch , IL State Bank of the Lakes, National Association
$150K-350K BOWES ENTERPRISE LLC Grayslake , IL State Bank of the Lakes, National Association
$150K-350K BWM GLOBAL INC Waukegan , IL State Bank of the Lakes, National Association
$150K-350K C & M LOGISTICS INC Lindenhurst , IL State Bank of the Lakes, National Association
$150K-350K C&R MORTGAGE CORP Niles , IL State Bank of the Lakes, National Association
$150K-350K C. S. HYDE COMPANY Lake villa , IL State Bank of the Lakes, National Association
$150K-350K CENTER STREET GROUP LLC Grayslake , IL State Bank of the Lakes, National Association
$150K-350K CHURCHILL, QUINN, RICHTMAN & HAMILITON LTD. Grayslake , IL State Bank of the Lakes, National Association
$150K-350K CLEAN CUT TREE CARE, INC Grayslake , IL State Bank of the Lakes, National Association
$150K-350K CLEAN CUT TREE SERVICE, INC. Grayslake , IL State Bank of the Lakes, National Association
$150K-350K CNKK, INC Antioch , IL State Bank of the Lakes, National Association

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.