PPP Loan information for Rahn industries

$58,025

Rahn industries was initially approved for PPP Loan of amount $58,025, the current approved amount is $58,025. The loan was approved on 04/14/2020 by The Frandsen Bank & Trust reported 4 jobs and $58,025 was used to fund payroll.

Rahn industries is Existing or more than 2 years old

PPP Loan Search / MN / NEW PRAGUE / Rahn industries

RAHN INDUSTRIES

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAHN INDUSTRIES

Borrower Address

520 6TH STREET NW

Borrower City

NEW PRAGUE

Borrower State

MN

Borrower Zip

56071

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

58025.00

Current Approval Amount

58025.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW PRAGUE

Project County Name

SCOTT

Project State

MN

Project Zip

56071-0001

CD

MN-02

Jobs Reported

4

NAICS Code

333112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5800.00

Payroll Proceed

43600.00

Mortgage Interest Proceed

8625.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58678.38

Forgiveness Date

06/10/2021

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