PPP Loan information for Racine railroad products, inc.

$771,550

Racine railroad products, inc. was initially approved for PPP Loan of amount $771,550, the current approved amount is $771,550. The loan was approved on 04/10/2020 by The Johnson Bank reported 52 jobs and $771,550 was used to fund payroll.

Racine railroad products, inc. is Existing or more than 2 years old

PPP Loan Search / WI / RACINE / Racine railroad products, inc.

RACINE RAILROAD PRODUCTS, INC.

Date Approved

04/10/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

RACINE RAILROAD PRODUCTS, INC.

Borrower Address

1955 NORWOOD CT

Borrower City

RACINE

Borrower State

WI

Borrower Zip

53403-3875

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

771550.00

Current Approval Amount

771550.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77025

Servicing Lender Name

Johnson Bank

Servicing Lender Address

555 Main St

Servicing Lender City

RACINE

Servicing Lender State

WI

Servicing Lender Zip

53403-1032

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RACINE

Project County Name

RACINE

Project State

WI

Project Zip

53403-3875

CD

WI-01

Jobs Reported

52

NAICS Code

336510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

96418.75

Payroll Proceed

578712.50

Mortgage Interest Proceed

96418.75

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

77025

Originating Lender

Johnson Bank

Originating Lender City

RACINE

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

776876.87

Forgiveness Date

01/11/2021

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