PPP Loan information for Rapid roads

$616,000

Rapid roads was initially approved for PPP Loan of amount $616,000, the current approved amount is $616,000. The loan was approved on 04/14/2020 by The Itasca Bank & Trust Co. reported 30 jobs and $616,000 was used to fund payroll.

Rapid roads is Existing or more than 2 years old

PPP Loan Search / IL / CAROL STREAM / Rapid roads

RAPID ROADS

Date Approved

04/14/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RAPID ROADS

Borrower Address

27 W010 SAINT CHARLES RD

Borrower City

CAROL STREAM

Borrower State

IL

Borrower Zip

60188-4130

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

616000.00

Current Approval Amount

616000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21562

Servicing Lender Name

Itasca Bank & Trust Co.

Servicing Lender Address

308 W Irving Park Rd

Servicing Lender City

ITASCA

Servicing Lender State

IL

Servicing Lender Zip

60143-2038

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CAROL STREAM

Project County Name

DUPAGE

Project State

IL

Project Zip

60188-4130

CD

IL-03

Jobs Reported

30

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

616000.00

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

21562

Originating Lender

Itasca Bank & Trust Co.

Originating Lender City

ITASCA

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

622023.11

Forgiveness Date

04/15/2021

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