PPP Loan information for Rac construction inc.

$127,500

Rac construction inc. was initially approved for PPP Loan of amount $127,500, the current approved amount is $127,500. The loan was approved on 01/25/2021 by The Readycap Lending, LLC reported 9 jobs and $127,500 was used to fund payroll.

Rac construction inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Metuchen / Rac construction inc.

RAC CONSTRUCTION INC.

Date Approved

01/25/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

RAC CONSTRUCTION INC.

Borrower Address

104 Norcross Ave Ste A

Borrower City

Metuchen

Borrower State

NJ

Borrower Zip

08840-1223

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

127500.00

Current Approval Amount

127500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Metuchen

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08840-1223

CD

NJ-06

Jobs Reported

9

NAICS Code

236118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

127500.00

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

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

128506.03

Forgiveness Date

11/10/2021

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