PPP Loan information for R & b electronics inc

$437,905

R & b electronics inc was initially approved for PPP Loan of amount $437,905, the current approved amount is $437,905. The loan was approved on 04/14/2020 by The Central Savings Bank reported 47 jobs and $437,905 was used to fund payroll.

R & b electronics inc is Existing or more than 2 years old

PPP Loan Search / MI / SAULT SAINTE MARIE / R & b electronics inc

R & B ELECTRONICS INC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

R & B ELECTRONICS INC

Borrower Address

1520 INDUSTRIAL PARK DR

Borrower City

SAULT SAINTE MARIE

Borrower State

MI

Borrower Zip

49783-1474

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

437905.00

Current Approval Amount

437905.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36459

Servicing Lender Name

Central Savings Bank

Servicing Lender Address

511 Bingham Ave

Servicing Lender City

SAULT SAINTE MARIE

Servicing Lender State

MI

Servicing Lender Zip

49783-2101

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAULT SAINTE MARIE

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49783-1474

CD

MI-01

Jobs Reported

47

NAICS Code

336413

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25405.00

Payroll Proceed

375000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

37500.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36459

Originating Lender

Central Savings Bank

Originating Lender City

SAULT SAINTE MARIE

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

441310.93

Forgiveness Date

01/25/2021

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