PPP Loan information for Rak industries inc

$322,555

Rak industries inc was initially approved for PPP Loan of amount $322,555, the current approved amount is $322,555. The loan was approved on 02/01/2021 by The Bank of America, National Association reported 24 jobs and $322,555 was used to fund payroll.

Rak industries inc is Existing or more than 2 years old

PPP Loan Search / NJ / New Brunswick / Rak industries inc

RAK INDUSTRIES INC

Date Approved

02/01/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

RAK INDUSTRIES INC

Borrower Address

625 Jersey Ave

Borrower City

New Brunswick

Borrower State

NJ

Borrower Zip

08901-3678

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

322555.00

Current Approval Amount

322555.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Brunswick

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08901-3678

CD

NJ-06

Jobs Reported

24

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

322553.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

325091.25

Forgiveness Date

11/17/2021

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