PPP Loan information for Racks bar & grill

$90,842

Racks bar & grill was initially approved for PPP Loan of amount $90,842, the current approved amount is $90,842. The loan was approved on 01/22/2021 by The First State Bank Minnesota reported 15 jobs and $90,842 was used to fund payroll.

Racks bar & grill is Existing or more than 2 years old

PPP Loan Search / MN / SPRING VALLEY / Racks bar & grill

RACKS BAR & GRILL

Date Approved

01/22/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RACKS BAR & GRILL

Borrower Address

1027 N BROADWAY AVE

Borrower City

SPRING VALLEY

Borrower State

MN

Borrower Zip

55975

Loan Status Date

04/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

90841.70

Current Approval Amount

90841.70

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38307

Servicing Lender Name

First State Bank Minnesota

Servicing Lender Address

102 W Main St

Servicing Lender City

LE ROY

Servicing Lender State

MN

Servicing Lender Zip

55951-6500

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRING VALLEY

Project County Name

FILLMORE

Project State

MN

Project Zip

55975

CD

MN-01

Jobs Reported

15

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

90840.70

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

38307

Originating Lender

First State Bank Minnesota

Originating Lender City

LE ROY

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

91914.14

Forgiveness Date

03/31/2022

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