PPP Loan information for Racm, inc.

$743,200

Racm, inc. was initially approved for PPP Loan of amount $743,200, the current approved amount is $743,200. The loan was approved on 04/06/2020 by The American National Bank & Trust reported 190 jobs and $743,200 was used to fund payroll.

Racm, inc. is Existing or more than 2 years old

PPP Loan Search / TX / WICHITA FALLS / Racm, inc.

RACM, INC.

Date Approved

04/06/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

RACM, INC.

Borrower Address

1510 15TH ST

Borrower City

WICHITA FALLS

Borrower State

TX

Borrower Zip

76301-5117

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

743200.00

Current Approval Amount

743200.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

72167

Servicing Lender Name

American National Bank & Trust

Servicing Lender Address

2732 Midwestern Pkwy

Servicing Lender City

WICHITA FALLS

Servicing Lender State

TX

Servicing Lender Zip

76308-2904

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WICHITA FALLS

Project County Name

WICHITA

Project State

TX

Project Zip

76301-5117

CD

TX-13

Jobs Reported

190

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

743200.00

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

Subchapter S Corporation

Originating Lender Location Id

72167

Originating Lender

American National Bank & Trust

Originating Lender City

WICHITA FALLS

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

748278.53

Forgiveness Date

12/09/2020

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