PPP Loan information for Ralco industries

$1,330,700

Ralco industries was initially approved for PPP Loan of amount $1,330,700, the current approved amount is $1,330,700. The loan was approved on 01/17/2021 by The Capitol National Bank reported 91 jobs and $1,330,700 was used to fund payroll.

Ralco industries is Existing or more than 2 years old

PPP Loan Search / MI / Auburn Hills / Ralco industries

RALCO INDUSTRIES

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RALCO INDUSTRIES

Borrower Address

1025 Doris Rd

Borrower City

Auburn Hills

Borrower State

MI

Borrower Zip

48326-2614

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1330700.00

Current Approval Amount

1330700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35989

Servicing Lender Name

Capitol National Bank

Servicing Lender Address

200 Washington Sq North

Servicing Lender City

LANSING

Servicing Lender State

MI

Servicing Lender Zip

48933-1320

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Auburn Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48326-2614

CD

MI-11

Jobs Reported

91

NAICS Code

336370

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1330698.00

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

35989

Originating Lender

Capitol National Bank

Originating Lender City

LANSING

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1339756.15

Forgiveness Date

09/29/2021

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