PPP Loan information for Rac enterprises inc

$1,296,800

Rac enterprises inc was initially approved for PPP Loan of amount $1,296,800, the current approved amount is $1,296,800. The loan was approved on 04/03/2020 by The Mid Penn Bank reported 82 jobs and $1,296,800 was used to fund payroll.

Rac enterprises inc is Existing or more than 2 years old

PPP Loan Search / PA / Hatfield / Rac enterprises inc

RAC ENTERPRISES INC

Date Approved

04/03/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

RAC ENTERPRISES INC

Borrower Address

104 E Vine St

Borrower City

Hatfield

Borrower State

PA

Borrower Zip

19440-2521

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1296800.00

Current Approval Amount

1296800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

61087

Servicing Lender Name

Mid Penn Bank

Servicing Lender Address

349 Union St

Servicing Lender City

MILLERSBURG

Servicing Lender State

PA

Servicing Lender Zip

17061-1611

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hatfield

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19440-2521

CD

PA-01

Jobs Reported

82

NAICS Code

443142

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1296800.00

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

61087

Originating Lender

Mid Penn Bank

Originating Lender City

MILLERSBURG

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1304220.58

Forgiveness Date

11/03/2020

;