PPP Loan information for Racks sbg llc
$368,448
Racks sbg llc was initially approved for PPP Loan of amount $368,448, the current approved amount is $368,448. The loan was approved on 02/10/2021 by The Synovus Bank reported 28 jobs and $368,448 was used to fund payroll.
Racks sbg llc is Existing or more than 2 years old
RACKS SBG LLC
Date Approved
02/10/2021
SBA Office Code
0405
Processing Method
PPS
Borrower Name
RACKS SBG LLC
Borrower Address
4620 Hemingway Trl
Borrower City
Cumming
Borrower State
GA
Borrower Zip
30041-8975
Loan Status Date
01/19/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
368448.00
Current Approval Amount
368448.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
19248
Servicing Lender Name
Synovus Bank
Servicing Lender Address
1148 Broadway
Servicing Lender City
COLUMBUS
Servicing Lender State
GA
Servicing Lender Zip
31901-2429
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Cumming
Project County Name
FORSYTH
Project State
GA
Project Zip
30041-8975
CD
GA-06
Jobs Reported
28
NAICS Code
327320
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
368446.00
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
19248
Originating Lender
Synovus Bank
Originating Lender City
COLUMBUS
Originating Lender State
GA
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
371476.34
Forgiveness Date
12/16/2021