PPP Loan information for Racktop systems

$1,000,400

Racktop systems was initially approved for PPP Loan of amount $1,000,400, the current approved amount is $1,000,400. The loan was approved on 05/15/2020 by The Blue Ridge Bank, National Association reported 39 jobs and $1,000,400 was used to fund payroll.

Racktop systems is Existing or more than 2 years old

PPP Loan Search / MD / FULTON / Racktop systems

RACKTOP SYSTEMS

Date Approved

05/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RACKTOP SYSTEMS

Borrower Address

8170 MAPLE LAWN BLVD Suite 180

Borrower City

FULTON

Borrower State

MD

Borrower Zip

20759-2575

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1000400.00

Current Approval Amount

1000400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124336

Servicing Lender Name

Blue Ridge Bank, National Association

Servicing Lender Address

1 E Market St Imperial Plaza

Servicing Lender City

MARTINSVILLE

Servicing Lender State

VA

Servicing Lender Zip

24112

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FULTON

Project County Name

HOWARD

Project State

MD

Project Zip

20759-2575

CD

MD-03

Jobs Reported

39

NAICS Code

511210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4000.00

Payroll Proceed

946435.00

Mortgage Interest Proceed

0.00

Rent Proceed

47965.00

Refinance EIDL Proceed

0.00

Health Care Proceed

2000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

124336

Originating Lender

Blue Ridge Bank, National Association

Originating Lender City

MARTINSVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1011098.72

Forgiveness Date

06/11/2021

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