PPP Loan information for R-cap process equipment, inc.

$128,500

R-cap process equipment, inc. was initially approved for PPP Loan of amount $128,500, the current approved amount is $128,500. The loan was approved on 04/06/2020 by The Cornerstone National Bank & Trust Company reported 6 jobs and $128,500 was used to fund payroll.

R-cap process equipment, inc. is Existing or more than 2 years old

PPP Loan Search / IL / BARRINGTON / R-cap process equipment, inc.

R-CAP PROCESS EQUIPMENT, INC.

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

R-CAP PROCESS EQUIPMENT, INC.

Borrower Address

318 W NORTHWEST HWY

Borrower City

BARRINGTON

Borrower State

IL

Borrower Zip

60010-3033

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

128500.00

Current Approval Amount

128500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203014

Servicing Lender Name

Cornerstone National Bank & Trust Company

Servicing Lender Address

One W Northwest Hwy

Servicing Lender City

PALATINE

Servicing Lender State

IL

Servicing Lender Zip

60067-3570

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BARRINGTON

Project County Name

LAKE

Project State

IL

Project Zip

60010-3033

CD

IL-05

Jobs Reported

6

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6425.00

Payroll Proceed

102800.00

Mortgage Interest Proceed

0.00

Rent Proceed

12850.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6425

Business Type

Subchapter S Corporation

Originating Lender Location Id

203014

Originating Lender

Cornerstone National Bank & Trust Company

Originating Lender City

PALATINE

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

129288.85

Forgiveness Date

11/23/2020

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