PPP Loan information for Araco concrete contractor, llc

$1,089,000

Araco concrete contractor, llc was initially approved for PPP Loan of amount $1,089,000, the current approved amount is $1,089,000. The loan was approved on 04/27/2020 by The Independent Bank reported 115 jobs and $1,089,000 was used to fund payroll.

Araco concrete contractor, llc is Existing or more than 2 years old

PPP Loan Search / CO / FOUNTAIN / Araco concrete contractor, llc

ARACO CONCRETE CONTRACTOR, LLC

Date Approved

04/27/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

ARACO CONCRETE CONTRACTOR, LLC

Borrower Address

7470 SOUTHMOOR DR

Borrower City

FOUNTAIN

Borrower State

CO

Borrower Zip

80817-1216

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1089000.00

Current Approval Amount

1089000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68987

Servicing Lender Name

Independent Bank

Servicing Lender Address

3090 Craig Dr

Servicing Lender City

MCKINNEY

Servicing Lender State

TX

Servicing Lender Zip

75070-4352

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FOUNTAIN

Project County Name

EL PASO

Project State

CO

Project Zip

80817-1216

CD

CO-05

Jobs Reported

115

NAICS Code

238120

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1089000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

68987

Originating Lender

Independent Bank

Originating Lender City

MCKINNEY

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1098982.50

Forgiveness Date

03/31/2021

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