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

$724,471

Rahn's oil & propane inc. was initially approved for PPP Loan of amount $724,471, the current approved amount is $724,471. The loan was approved on 02/22/2021 by The Magnifi Financial CU reported 118 jobs and $724,471 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

02/22/2021

SBA Office Code

0508

Processing Method

PPS

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

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

724471.00

Current Approval Amount

724471.00

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

118

NAICS Code

424710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

724471.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

729095.71

Forgiveness Date

10/25/2021

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