PPP Loan information for Rak industries inc

$322,556

Rak industries inc was initially approved for PPP Loan of amount $322,556, the current approved amount is $322,556. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 20 jobs and $322,556 was used to fund payroll.

Rak industries inc is New Business or 2 years or less

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

RAK INDUSTRIES INC

Date Approved

05/01/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

RAK INDUSTRIES INC

Borrower Address

625 Jersey Ave

Borrower City

New Brunswick

Borrower State

NJ

Borrower Zip

08901

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

322556.00

Current Approval Amount

322556.00

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

New Business or 2 years or less

Project City

New Brunswick

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

08901-1000

CD

NJ-06

Jobs Reported

20

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

322556.00

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

325684.35

Forgiveness Date

04/22/2021

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