PPP Loan information for Rachee lodging, inc.

$185,000

Rachee lodging, inc. was initially approved for PPP Loan of amount $185,000, the current approved amount is $185,000. The loan was approved on 05/01/2020 by The Fifth Third Bank reported 50 jobs and $185,000 was used to fund payroll.

Rachee lodging, inc. is Existing or more than 2 years old

PPP Loan Search / MI / ALPENA / Rachee lodging, inc.

RACHEE LODGING, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RACHEE LODGING, INC.

Borrower Address

1000 US 23 NORTH

Borrower City

ALPENA

Borrower State

MI

Borrower Zip

49707

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

185000.00

Current Approval Amount

185000.00

Undisbursed Amount

0.00

Franchise Name

Ramada by Wyndham

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALPENA

Project County Name

ALPENA

Project State

MI

Project Zip

49707-0001

CD

MI-01

Jobs Reported

50

NAICS Code

721199

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

175000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

10000.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

186675.28

Forgiveness Date

03/31/2021

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