PPP Loan information for Rac group

$327,500

Rac group was initially approved for PPP Loan of amount $327,500, the current approved amount is $327,500. The loan was approved on 04/27/2020 by The Bankwell Bank reported 40 jobs and $327,500 was used to fund payroll.

Rac group is Existing or more than 2 years old

PPP Loan Search / CT / Fairfield / Rac group

RAC GROUP

Date Approved

04/27/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

RAC GROUP

Borrower Address

1215-1 Post Road

Borrower City

Fairfield

Borrower State

CT

Borrower Zip

06824-6022

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

327500.00

Current Approval Amount

327500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

262358

Servicing Lender Name

Bankwell Bank

Servicing Lender Address

156 Cherry St

Servicing Lender City

New Canaan

Servicing Lender State

CT

Servicing Lender Zip

06840

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fairfield

Project County Name

FAIRFIELD

Project State

CT

Project Zip

06824-6022

CD

CT-04

Jobs Reported

40

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

245625.00

Mortgage Interest Proceed

81875.00

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

262358

Originating Lender

Bankwell Bank

Originating Lender City

New Canaan

Originating Lender State

CT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

329810.69

Forgiveness Date

01/19/2021

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