PPP Loan information for Rac ventures llc

$893,100

Rac ventures llc was initially approved for PPP Loan of amount $893,100, the current approved amount is $893,100. The loan was approved on 04/06/2020 by The Prosperity Bank reported 78 jobs and $893,100 was used to fund payroll.

Rac ventures llc is Existing or more than 2 years old

PPP Loan Search / TX / MIDLAND / Rac ventures llc

RAC VENTURES LLC

Date Approved

04/06/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

RAC VENTURES LLC

Borrower Address

3929 Baybrook Ct.

Borrower City

MIDLAND

Borrower State

TX

Borrower Zip

79707-1431

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

893100.00

Current Approval Amount

893100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69819

Servicing Lender Name

Prosperity Bank

Servicing Lender Address

1301 N Mechanic

Servicing Lender City

El Campo

Servicing Lender State

TX

Servicing Lender Zip

77437

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

TX

Project Zip

79707-1431

CD

TX-11

Jobs Reported

78

NAICS Code

213112

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

893100.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

69819

Originating Lender

Prosperity Bank

Originating Lender City

El Campo

Originating Lender State

TX

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

892781.59

Forgiveness Date

02/10/2021

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