PPP Loan information for Rak management, inc.

$68,800

Rak management, inc. was initially approved for PPP Loan of amount $68,800, the current approved amount is $68,800. The loan was approved on 04/05/2020 by The County National Bank reported 15 jobs and $68,800 was used to fund payroll.

Rak management, inc. is New Business or 2 years or less

PPP Loan Search / MI / PORT HURON / Rak management, inc.

RAK MANAGEMENT, INC.

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAK MANAGEMENT, INC.

Borrower Address

1635 YEAGER ST

Borrower City

PORT HURON

Borrower State

MI

Borrower Zip

48060-2577

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

68800.00

Current Approval Amount

68800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35318

Servicing Lender Name

County National Bank

Servicing Lender Address

One S Howell St

Servicing Lender City

HILLSDALE

Servicing Lender State

MI

Servicing Lender Zip

49242-1811

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

PORT HURON

Project County Name

SAINT CLAIR

Project State

MI

Project Zip

48060-2577

CD

MI-09

Jobs Reported

15

NAICS Code

721110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3440.00

Payroll Proceed

55040.00

Mortgage Interest Proceed

10320.00

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

35318

Originating Lender

County National Bank

Originating Lender City

HILLSDALE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

69484.18

Forgiveness Date

04/08/2021

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