PPP Loan information for R.a.c., inc.

$87,900

R.a.c., inc. was initially approved for PPP Loan of amount $87,900, the current approved amount is $87,900. The loan was approved on 04/27/2020 by The The Bancorp Bank National Association reported 10 jobs and $87,900 was used to fund payroll.

R.a.c., inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Union / R.a.c., inc.

R.A.C., INC.

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

R.A.C., INC.

Borrower Address

2333 US Highway 22 W Bldg C

Borrower City

Union

Borrower State

NJ

Borrower Zip

07083-8518

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87900.00

Current Approval Amount

87900.00

Undisbursed Amount

0.00

Franchise Name

Maaco

Servicing Lender Location Id

188901

Servicing Lender Name

The Bancorp Bank National Association

Servicing Lender Address

6100 S Old Village Place

Servicing Lender City

Sioux Falls

Servicing Lender State

SD

Servicing Lender Zip

57108

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Union

Project County Name

UNION

Project State

NJ

Project Zip

07083-8518

CD

NJ-10

Jobs Reported

10

NAICS Code

811121

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

87900.00

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

188901

Originating Lender

The Bancorp Bank National Association

Originating Lender City

Sioux Falls

Originating Lender State

SD

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

78363.07

Forgiveness Date

12/09/2020

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