Date Approved
04/05/2020
SBA Office Code
0761
Processing Method
PPP
Borrower Name
RAKER RHODES ENGINEERING, LLC
Borrower Address
4717 GRAND AVE
Borrower City
DES MOINES
Borrower State
IA
Borrower Zip
50312-2001
Loan Status Date
01/07/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
509700.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
123481
Servicing Lender Name
Freedom Financial Bank
Servicing Lender Address
1255 Jordan Creek Pkwy
Servicing Lender City
WEST DES MOINES
Servicing Lender State
Servicing Lender Zip
50266-2344
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
POLK
Project State
Project Zip
CD
IA-03
Jobs Reported
29
NAICS Code
541330
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
5700.00
Payroll Proceed
490000.00
Mortgage Interest Proceed
Rent Proceed
14000.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Partnership
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
513055.53
Forgiveness Date
12/08/2020