PPP Loan information for Rapid steel supply corp

$474,910

Rapid steel supply corp was initially approved for PPP Loan of amount $474,910, the current approved amount is $474,910. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 30 jobs and $474,910 was used to fund payroll.

Rapid steel supply corp is Existing or more than 2 years old

PPP Loan Search / NY / LONG ISLAND CITY / Rapid steel supply corp

RAPID STEEL SUPPLY CORP

Date Approved

04/14/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

RAPID STEEL SUPPLY CORP

Borrower Address

49-63 30th Street

Borrower City

LONG ISLAND CITY

Borrower State

NY

Borrower Zip

11101

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

474910.00

Current Approval Amount

474910.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LONG ISLAND CITY

Project County Name

QUEENS

Project State

NY

Project Zip

11101-0001

CD

NY-07

Jobs Reported

30

NAICS Code

423510

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6000.00

Payroll Proceed

350000.00

Mortgage Interest Proceed

0.00

Rent Proceed

88910.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

480686.99

Forgiveness Date

07/08/2021

;