PPP Loan information for Rainbow distributors inc

$106,300

Rainbow distributors inc was initially approved for PPP Loan of amount $106,300, the current approved amount is $106,300. The loan was approved on 04/09/2020 by The Truist Bank reported 17 jobs and $106,300 was used to fund payroll.

Rainbow distributors inc is Existing or more than 2 years old

PPP Loan Search / MD / HALETHORPE / Rainbow distributors inc

RAINBOW DISTRIBUTORS INC

Date Approved

04/09/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RAINBOW DISTRIBUTORS INC

Borrower Address

3601 COMMERCE DR STE 111

Borrower City

HALETHORPE

Borrower State

MD

Borrower Zip

21227-1636

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106300.00

Current Approval Amount

106300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HALETHORPE

Project County Name

BALTIMORE

Project State

MD

Project Zip

21227-1636

CD

MD-07

Jobs Reported

17

NAICS Code

424990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

106300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

107271.46

Forgiveness Date

03/31/2021

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