PPP Loan information for Rachit inc.

$58,001

Rachit inc. was initially approved for PPP Loan of amount $58,001, the current approved amount is $58,001. The loan was approved on 04/07/2020 by The Community Bank reported 16 jobs and $58,001 was used to fund payroll.

Rachit inc. is Existing or more than 2 years old

PPP Loan Search / OK / ALVA / Rachit inc.

RACHIT INC.

Date Approved

04/07/2020

SBA Office Code

0680

Processing Method

PPP

Borrower Name

RACHIT INC.

Borrower Address

510 E. Oklahoma Blvd

Borrower City

ALVA

Borrower State

OK

Borrower Zip

73717-3344

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

58001.47

Current Approval Amount

58001.47

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58726

Servicing Lender Name

Community Bank

Servicing Lender Address

1729 College Blvd

Servicing Lender City

ALVA

Servicing Lender State

OK

Servicing Lender Zip

73717-3413

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALVA

Project County Name

WOODS

Project State

OK

Project Zip

73717-3344

CD

OK-03

Jobs Reported

16

NAICS Code

445120

Race

Asian

Ethnicity

Hispanic or Latino

Utilities Proceed

3000.00

Payroll Proceed

46401.17

Mortgage Interest Proceed

0.00

Rent Proceed

8600.30

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

58726

Originating Lender

Community Bank

Originating Lender City

ALVA

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58431.65

Forgiveness Date

01/07/2021

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