PPP Loan information for Rael automatic sprinkler co., inc.

$10,000,000

Rael automatic sprinkler co., inc. was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $10,000,000. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 321 jobs and $10,000,000 was used to fund payroll.

Rael automatic sprinkler co., inc. is Existing or more than 2 years old

PPP Loan Search / NY / New Hyde Park / Rael automatic sprinkler co., inc.

RAEL AUTOMATIC SPRINKLER CO., INC.

Date Approved

04/15/2020

SBA Office Code

0235

Processing Method

PPP

Borrower Name

RAEL AUTOMATIC SPRINKLER CO., INC.

Borrower Address

1750 Plaza Avenue

Borrower City

New Hyde Park

Borrower State

NY

Borrower Zip

11040

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

10000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New Hyde Park

Project County Name

NASSAU

Project State

NY

Project Zip

11040-0001

CD

NY-03

Jobs Reported

321

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

7264698.00

Mortgage Interest Proceed

65000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

2665302.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

10113150.68

Forgiveness Date

06/11/2021

;