PPP Loan information for R3 composites corp

$1,622,865

R3 composites corp was initially approved for PPP Loan of amount $1,622,865, the current approved amount is $1,622,865. The loan was approved on 01/23/2021 by The CBI Bank & Trust reported 183 jobs and $1,622,865 was used to fund payroll.

R3 composites corp is Existing or more than 2 years old

PPP Loan Search / IN / Grabill / R3 composites corp

R3 COMPOSITES CORP

Date Approved

01/23/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

R3 COMPOSITES CORP

Borrower Address

14123 Roth Rd

Borrower City

Grabill

Borrower State

IN

Borrower Zip

46741-9678

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1622865.00

Current Approval Amount

1622865.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25284

Servicing Lender Name

CBI Bank & Trust

Servicing Lender Address

301 Iowa Ave

Servicing Lender City

MUSCATINE

Servicing Lender State

IA

Servicing Lender Zip

52761-3844

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grabill

Project County Name

ALLEN

Project State

IN

Project Zip

46741-9678

CD

IN-03

Jobs Reported

183

NAICS Code

326199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1622860.00

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

Subchapter S Corporation

Originating Lender Location Id

25284

Originating Lender

CBI Bank & Trust

Originating Lender City

MUSCATINE

Originating Lender State

IA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1629942.49

Forgiveness Date

07/02/2021

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