PPP Loan information for Rack industries, llc

Date Approved

04/03/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

RACK INDUSTRIES, LLC

Borrower Address

5100 Andrews Hwy

Borrower City

MIDLAND

Borrower State

TX

Borrower Zip

79703-4523

Loan Status Date

04/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

898300.00

Current Approval Amount

898300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72095

Servicing Lender Name

First National Bank and Trust Company of Weatherford d/b/a First Bank Texas

Servicing Lender Address

220 Palo Pinto

Servicing Lender City

WEATHERFORD

Servicing Lender State

TX

Servicing Lender Zip

76086-4350

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

TX

Project Zip

79703-4523

CD

TX-11

Jobs Reported

50

NAICS Code

333132

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

898300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

72095

Originating Lender

First National Bank and Trust Company of Weatherford d/b/a First Bank Texas

Originating Lender City

WEATHERFORD

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

896865.10

Forgiveness Date

02/10/2021