PPP Loan information for Rainbow motor sales llc

$102,550

Rainbow motor sales llc was initially approved for PPP Loan of amount $102,550, the current approved amount is $102,550. The loan was approved on 04/11/2020 by The Southern Michigan Bank & Trust reported 11 jobs and $102,550 was used to fund payroll.

Rainbow motor sales llc is Existing or more than 2 years old

PPP Loan Search / MI / COLDWATER / Rainbow motor sales llc

RAINBOW MOTOR SALES LLC

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAINBOW MOTOR SALES LLC

Borrower Address

395 N. FREMONT RD

Borrower City

COLDWATER

Borrower State

MI

Borrower Zip

49036-9413

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

102550.00

Current Approval Amount

102550.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33720

Servicing Lender Name

Southern Michigan Bank & Trust

Servicing Lender Address

51 W Pearl St

Servicing Lender City

COLDWATER

Servicing Lender State

MI

Servicing Lender Zip

49036-1933

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLDWATER

Project County Name

BRANCH

Project State

MI

Project Zip

49036-9413

CD

MI-07

Jobs Reported

11

NAICS Code

423110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

102550.00

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

33720

Originating Lender

Southern Michigan Bank & Trust

Originating Lender City

COLDWATER

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

103648.55

Forgiveness Date

05/18/2021

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