PPP Loan information for Rachit drug inc

$95,973

Rachit drug inc was initially approved for PPP Loan of amount $107,575, the current approved amount is $95,973. The loan was approved on 05/01/2020 by The Wells Fargo Bank, National Association reported 5 jobs and $95,973 was used to fund payroll.

Rachit drug inc is Existing or more than 2 years old

PPP Loan Search / NJ / NEWARK / Rachit drug inc

RACHIT DRUG INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

RACHIT DRUG INC

Borrower Address

233 LYONS AVENUE

Borrower City

NEWARK

Borrower State

NJ

Borrower Zip

07112

Loan Status Date

02/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

107575.00

Current Approval Amount

95973.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWARK

Project County Name

ESSEX

Project State

NJ

Project Zip

07112-0001

CD

NJ-10

Jobs Reported

5

NAICS Code

446110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

95973.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

97553.27

Forgiveness Date

01/04/2022

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