PPP Loan information for Rachana hospitality inc.

$30,336

Rachana hospitality inc. was initially approved for PPP Loan of amount $30,336, the current approved amount is $30,336. The loan was approved on 04/11/2020 by The Sturgis Bank & Trust Company reported 5 jobs and $30,336 was used to fund payroll.

Rachana hospitality inc. is Existing or more than 2 years old

PPP Loan Search / MI / STEVENSVILLE / Rachana hospitality inc.

RACHANA HOSPITALITY INC.

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RACHANA HOSPITALITY INC.

Borrower Address

4290 RED ARROW HWY

Borrower City

STEVENSVILLE

Borrower State

MI

Borrower Zip

49127-8303

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

30336.00

Current Approval Amount

30336.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79717

Servicing Lender Name

Sturgis Bank & Trust Company

Servicing Lender Address

113-125 E Chicago Rd

Servicing Lender City

STURGIS

Servicing Lender State

MI

Servicing Lender Zip

49091-1754

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STEVENSVILLE

Project County Name

BERRIEN

Project State

MI

Project Zip

49127-8303

CD

MI-06

Jobs Reported

5

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4865.00

Payroll Proceed

25471.00

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

Corporation

Originating Lender Location Id

79717

Originating Lender

Sturgis Bank & Trust Company

Originating Lender City

STURGIS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

30520.51

Forgiveness Date

11/25/2020

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