PPP Loan information for Rapid-line esop trust

$1,365,534

Rapid-line esop trust was initially approved for PPP Loan of amount $1,365,534, the current approved amount is $1,365,534. The loan was approved on 01/28/2021 by The Union Bank reported 81 jobs and $1,365,534 was used to fund payroll.

Rapid-line esop trust is Existing or more than 2 years old

PPP Loan Search / MI / Wyoming / Rapid-line esop trust

RAPID-LINE ESOP TRUST

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RAPID-LINE ESOP TRUST

Borrower Address

1475 Gezon Pkwy SW

Borrower City

Wyoming

Borrower State

MI

Borrower Zip

49509-9388

Loan Status Date

05/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1365534.00

Current Approval Amount

1365534.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35975

Servicing Lender Name

Union Bank

Servicing Lender Address

933 4th Ave

Servicing Lender City

LAKE ODESSA

Servicing Lender State

MI

Servicing Lender Zip

48849-1020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wyoming

Project County Name

KENT

Project State

MI

Project Zip

49509-9388

CD

MI-03

Jobs Reported

81

NAICS Code

332322

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1365533.00

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

Subchapter S Corporation

Originating Lender Location Id

35975

Originating Lender

Union Bank

Originating Lender City

LAKE ODESSA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1382337.65

Forgiveness Date

04/21/2022

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