Loans Issued BY Lake City Bank

Loan Amount Company Name Location Lender
$350K-1M GOOD LABOR JOBS STAFFING AND RECRUITING, LLC Alexander city , AL First Bank of the Lake
$350K-1M THE CRIBB CORPORATION Opelika , AL First Bank of the Lake
$2-5M LB AMFUEL, LLC Magnolia , AR First Bank of the Lake
$2-5M TWIN RIVERS FOODS, INC. Fayetteville , AR First Bank of the Lake
$350K-1M ANDERSON AND FRYAR EXPORTS, INC. Fayetteville , AR First Bank of the Lake
$350K-1M SOUTHEAST REHAB LLC Lake village , AR Bank of Lake Village
$150K-350K LAKE VILLAGE CLINIC P.A. Lake village , AR Bank of Lake Village
$150K-350K OASIS TRADING, L.L.C. Warren , AR First Bank of the Lake
$150K-350K RHODES MACHINE SHOP, INC Fort smith , AR First Bank of the Lake
$5-10M ROMULUS RESTAURANTS, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$2-5M CREST INSURANCE GROUP, LLC Tucson , AZ Lake Forest Bank & Trust Company, National Association
$2-5M CUBEX LLC Phoenix , AZ First Bank of the Lake
$2-5M RMLS HOP INDIANA, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$1-2M RMLS HOP ILLINOIS, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$1-2M RMLS HOP OHIO, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$1-2M RMLS HOP OKC, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$1-2M RMLS HOP TEXAS, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M AE CONCRETE LLC Peoria , AZ First Bank of the Lake
$350K-1M APISERO INC Chandler , AZ First Bank of the Lake
$350K-1M AZ POLLO, INC. Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M OSBORNE ENTERPRISES, INC. Tucson , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M RESECO INSURANCE ADVISORS, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M RMLS HOP IDAHO, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M RMLS HOP NEW MEXICO LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$350K-1M ROMULUS MANAGEMENT, LLC Phoenix , AZ Lake Forest Bank & Trust Company, National Association
$150K-350K BLACK HILLS AUTO BODY, INC. Cottonwood , AZ First Bank of the Lake
$150K-350K CAREFREE COMPOUNDING AND WELLNES Phoenix , AZ First Bank of the Lake
$150K-350K COTTMAN TRANSMISSION Surprise , AZ First Bank of the Lake
$150K-350K CREST INSURANCE GROUP OF COLORADO, LLC Tucson , AZ Lake Forest Bank & Trust Company, National Association
$150K-350K CWHITE ENTERPRISES INC. Prescott , AZ First Bank of the Lake
$150K-350K FROST, A GELATO SHOPPE LLC Tucson , AZ First Bank of the Lake
$150K-350K GOLDEN CARE PARTNERS CORPORATION Sun city , AZ First Bank of the Lake
$150K-350K HUCKLEBERRY GLAM INC. Prescott valley , AZ First Bank of the Lake
$150K-350K KABUL, INC. Bullhead city , AZ First Bank of the Lake
$150K-350K LARSEN VENDING, INC. Phoenix , AZ First Bank of the Lake

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.