PPP Loan information for R a c distributors inc

$279,547

R a c distributors inc was initially approved for PPP Loan of amount $279,547, the current approved amount is $279,547. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 20 jobs and $279,547 was used to fund payroll.

R a c distributors inc is New Business or 2 years or less

PPP Loan Search / RI / PROVIDENCE / R a c distributors inc

R A C DISTRIBUTORS INC

Date Approved

05/01/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

R A C DISTRIBUTORS INC

Borrower Address

50 NIANTIC AVE

Borrower City

PROVIDENCE

Borrower State

RI

Borrower Zip

02907-3116

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279547.00

Current Approval Amount

279547.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

PROVIDENCE

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02907-3116

CD

RI-02

Jobs Reported

20

NAICS Code

423740

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

279547.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

282939.86

Forgiveness Date

07/22/2021

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