PPP Loan information for Racc inc

$210,360

Racc inc was initially approved for PPP Loan of amount $164,242, the current approved amount is $210,360. The loan was approved on 04/08/2020 by The Truist Bank reported 15 jobs and $210,360 was used to fund payroll.

Racc inc is Existing or more than 2 years old

PPP Loan Search / MD / WESTMINSTER / Racc inc

RACC INC

Date Approved

04/08/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RACC INC

Borrower Address

278 E Main St

Borrower City

WESTMINSTER

Borrower State

MD

Borrower Zip

21157-5529

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

164242.00

Current Approval Amount

210359.86

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WESTMINSTER

Project County Name

CARROLL

Project State

MD

Project Zip

21157-5529

CD

MD-02

Jobs Reported

15

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

210359.86

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

211960.93

Forgiveness Date

01/20/2021

;