PPP Loan information for Rag's electric, inc.

$429,818

Rag's electric, inc. was initially approved for PPP Loan of amount $429,818, the current approved amount is $429,818. The loan was approved on 04/10/2020 by The First Merchants Bank reported 29 jobs and $429,818 was used to fund payroll.

Rag's electric, inc. is Existing or more than 2 years old

PPP Loan Search / IL / WOODRIDGE / Rag's electric, inc.

RAG'S ELECTRIC, INC.

Date Approved

04/10/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RAG'S ELECTRIC, INC.

Borrower Address

6805 HOBSON VALLEY DR

Borrower City

WOODRIDGE

Borrower State

IL

Borrower Zip

60517-1407

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

429817.50

Current Approval Amount

429817.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WOODRIDGE

Project County Name

DUPAGE

Project State

IL

Project Zip

60517-1407

CD

IL-11

Jobs Reported

29

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

429817.50

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

432914.54

Forgiveness Date

01/06/2021

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