PPP Loan information for Rack builders, inc

$2,478,200

Rack builders, inc was initially approved for PPP Loan of amount $2,478,200, the current approved amount is $2,478,200. The loan was approved on 04/06/2020 by The Bank of Springfield reported 190 jobs and $2,478,200 was used to fund payroll.

Rack builders, inc is Existing or more than 2 years old

PPP Loan Search / IL / QUINCY / Rack builders, inc

RACK BUILDERS, INC

Date Approved

04/06/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RACK BUILDERS, INC

Borrower Address

3809 DYE ROAD

Borrower City

QUINCY

Borrower State

IL

Borrower Zip

62305-3333

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2478200.00

Current Approval Amount

2478200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22586

Servicing Lender Name

Bank of Springfield

Servicing Lender Address

2600 Stevenson Dr

Servicing Lender City

SPRINGFIELD

Servicing Lender State

IL

Servicing Lender Zip

62703-4328

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

QUINCY

Project County Name

ADAMS

Project State

IL

Project Zip

62305-3333

CD

IL-15

Jobs Reported

190

NAICS Code

238120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2478200.00

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

22586

Originating Lender

Bank of Springfield

Originating Lender City

SPRINGFIELD

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2502438.83

Forgiveness Date

04/08/2021

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