PPP Loan information for Rand industrial insulation

$781,600

Rand industrial insulation was initially approved for PPP Loan of amount $781,600, the current approved amount is $781,600. The loan was approved on 04/11/2020 by The First Merchants Bank reported 32 jobs and $781,600 was used to fund payroll.

Rand industrial insulation is Existing or more than 2 years old

PPP Loan Search / MI / ROMULUS / Rand industrial insulation

RAND INDUSTRIAL INSULATION

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAND INDUSTRIAL INSULATION

Borrower Address

35555 GENRON CT

Borrower City

ROMULUS

Borrower State

MI

Borrower Zip

48174-3654

Loan Status Date

06/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

781600.00

Current Approval Amount

781600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROMULUS

Project County Name

WAYNE

Project State

MI

Project Zip

48174-3654

CD

MI-13

Jobs Reported

32

NAICS Code

562910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

781600.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

790122.65

Forgiveness Date

05/21/2021

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