PPP Loan information for Racom corporation

$1,647,000

Racom corporation was initially approved for PPP Loan of amount $1,647,000, the current approved amount is $1,647,000. The loan was approved on 04/04/2020 by The Central Bank reported 121 jobs and $1,647,000 was used to fund payroll.

Racom corporation is Existing or more than 2 years old

PPP Loan Search / IA / MARSHALLTOWN / Racom corporation

RACOM CORPORATION

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

RACOM CORPORATION

Borrower Address

201 West State Street

Borrower City

MARSHALLTOWN

Borrower State

IA

Borrower Zip

50158-5841

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1647000.00

Current Approval Amount

1647000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25506

Servicing Lender Name

Central Bank

Servicing Lender Address

600 Lake Ave

Servicing Lender City

STORM LAKE

Servicing Lender State

IA

Servicing Lender Zip

50588-1852

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MARSHALLTOWN

Project County Name

MARSHALL

Project State

IA

Project Zip

50158-5841

CD

IA-04

Jobs Reported

121

NAICS Code

443142

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1647000.00

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

Corporation

Originating Lender Location Id

25506

Originating Lender

Central Bank

Originating Lender City

STORM LAKE

Originating Lender State

IA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1661457.00

Forgiveness Date

02/25/2021

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