PPP Loan information for Rac construction inc, t/a ideal construction

$125,000

Rac construction inc, t/a ideal construction was initially approved for PPP Loan of amount $125,000, the current approved amount is $125,000. The loan was approved on 04/15/2020 by The Customers Bank reported 10 jobs and $125,000 was used to fund payroll.

Rac construction inc, t/a ideal construction is Existing or more than 2 years old

PPP Loan Search / NJ / Metuchen / Rac construction inc, t/a ideal construction

RAC CONSTRUCTION INC, T/A IDEAL CONSTRUCTION

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

RAC CONSTRUCTION INC, T/A IDEAL CONSTRUCTION

Borrower Address

104 Norcross Avenue, Suite A

Borrower City

Metuchen

Borrower State

NJ

Borrower Zip

08840

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

125000.00

Current Approval Amount

125000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

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

08840-0001

CD

NJ-06

Jobs Reported

10

NAICS Code

236118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

125000.00

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

125890.41

Forgiveness Date

01/25/2021

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