PPP Loan information for Rahn's oil & propane, inc.

$661,000

Rahn's oil & propane, inc. was initially approved for PPP Loan of amount $661,000, the current approved amount is $661,000. The loan was approved on 04/10/2020 by The Magnifi Financial CU reported 80 jobs and $661,000 was used to fund payroll.

Rahn's oil & propane, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Rahn's oil & propane, inc.

RAHN'S OIL & PROPANE, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAHN'S OIL & PROPANE, INC.

Borrower Address

1220 E MAIN ST

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-1474

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

661000.00

Current Approval Amount

661000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-1474

CD

MN-07

Jobs Reported

80

NAICS Code

424710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

28000.00

Payroll Proceed

540500.00

Mortgage Interest Proceed

18000.00

Rent Proceed

74500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

669167.42

Forgiveness Date

07/12/2021

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