PPP Loan information for Rapid garage door company inc

$62,400

Rapid garage door company inc was initially approved for PPP Loan of amount $68,300, the current approved amount is $62,400. The loan was approved on 04/06/2020 by The Park State Bank reported 7 jobs and $62,400 was used to fund payroll.

Rapid garage door company inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Rapid garage door company inc

RAPID GARAGE DOOR COMPANY INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAPID GARAGE DOOR COMPANY INC

Borrower Address

423 NE 5th Ave

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-2928

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

68300.00

Current Approval Amount

62400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-2928

CD

MN-08

Jobs Reported

7

NAICS Code

238290

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

49920.00

Mortgage Interest Proceed

0.00

Rent Proceed

2480.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

63001.47

Forgiveness Date

03/30/2021

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