PPP Loan information for Rainbow tool and machine co., inc

$400,829

Rainbow tool and machine co., inc was initially approved for PPP Loan of amount $400,829, the current approved amount is $400,829. The loan was approved on 04/14/2020 by The Alabama Teachers CU reported 25 jobs and $400,829 was used to fund payroll.

Rainbow tool and machine co., inc is Existing or more than 2 years old

PPP Loan Search / AL / RAINBOW CITY / Rainbow tool and machine co., inc

RAINBOW TOOL AND MACHINE CO., INC

Date Approved

04/14/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

RAINBOW TOOL AND MACHINE CO., INC

Borrower Address

1500 Martin Road

Borrower City

RAINBOW CITY

Borrower State

AL

Borrower Zip

35906-7067

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

400829.00

Current Approval Amount

400829.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

90919

Servicing Lender Name

Alabama Teachers CU

Servicing Lender Address

702 Walnut St

Servicing Lender City

GADSDEN

Servicing Lender State

AL

Servicing Lender Zip

35901-4139

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAINBOW CITY

Project County Name

ETOWAH

Project State

AL

Project Zip

35906-7067

CD

AL-04

Jobs Reported

25

NAICS Code

333515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

400829.00

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

90919

Originating Lender

Alabama Teachers CU

Originating Lender City

GADSDEN

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

405034.96

Forgiveness Date

05/04/2021

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