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Lakes Motorsports and Marine LLC

Company Details

Name: Lakes Motorsports and Marine LLC
Jurisdiction: Minnesota
Legal type: Limited Liability Company (Domestic)
Status: Active / In Good Standing
Date formed: 21 Jun 2018 (7 years ago)
Company Number: 173c6640-8e75-e811-9160-00155d0deff0
File Number: 1021802900020
Registered Office Address: 794 South Reed Street, Waterville, MN 56096, USA
Principal Executive Office Address: 2518 Crystal Cove Road, Madison Lake, MN 56063, USA
ZIP code: 56096
County: Le Sueur County
Place of Formation: Minnesota

Manager

Name Role Address
Caleb Lowell Wadd Manager 794 South Reed Street, Waterville, MN 56096, USA

Agent

Name Role
Curtis L Wadd Agent

Filing

Filing Name Filing date
Original Filing - Limited Liability Company (Domestic) (Business Name: Lakes Motorsports and Marine LLC) 2018-06-21

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
7027378303 2021-01-27 0508 PPP 794 Reed St S, Waterville, MN, 56096-1018
Loan Status Date 2022-01-31
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 15300
Loan Approval Amount (current) 15300
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38355
Servicing Lender Name Pioneer Bank
Servicing Lender Address 301 Main St NE, MAPLETON, MN, 56065
Rural or Urban Indicator R
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Waterville, LE SUEUR, MN, 56096-1018
Project Congressional District MN-02
Number of Employees 3
NAICS code 812990
Borrower Race Unanswered
Borrower Ethnicity Not Hispanic or Latino
Business Type Limited Liability Company(LLC)
Originating Lender ID 38355
Originating Lender Name Pioneer Bank
Originating Lender Address MAPLETON, MN
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 15396.9
Forgiveness Paid Date 2021-09-15

Date of last update: 06 Feb 2025

Sources: Minnesota's Official State Website