PPP Loan information for Raks, inc.

$76,900

Raks, inc. was initially approved for PPP Loan of amount $76,900, the current approved amount is $76,900. The loan was approved on 04/28/2020 by The Old Mission Bank reported 10 jobs and $76,900 was used to fund payroll.

Raks, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SAULT SAINTE MARIE / Raks, inc.

RAKS, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAKS, INC.

Borrower Address

1425 RIVERSIDE DR

Borrower City

SAULT SAINTE MARIE

Borrower State

MI

Borrower Zip

49783-9028

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76900.00

Current Approval Amount

76900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124185

Servicing Lender Name

Old Mission Bank

Servicing Lender Address

2701 I-75 Business Spur

Servicing Lender City

SAULT SAINTE MARIE

Servicing Lender State

MI

Servicing Lender Zip

49783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAULT SAINTE MARIE

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49783-9028

CD

MI-01

Jobs Reported

10

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9612.50

Payroll Proceed

57675.00

Mortgage Interest Proceed

0.00

Rent Proceed

9612.50

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

124185

Originating Lender

Old Mission Bank

Originating Lender City

SAULT SAINTE MARIE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

77391.31

Forgiveness Date

12/17/2020

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