PPP Loan information for Rapid theory

$240,000

Rapid theory was initially approved for PPP Loan of amount $240,000, the current approved amount is $240,000. The loan was approved on 03/27/2021 by The Cache Valley Bank reported 37 jobs and $240,000 was used to fund payroll.

Rapid theory is Existing or more than 2 years old

PPP Loan Search / UT / North Salt Lake / Rapid theory

RAPID THEORY

Date Approved

03/27/2021

SBA Office Code

0883

Processing Method

PPS

Borrower Name

RAPID THEORY

Borrower Address

847 Northpointe Cir

Borrower City

North Salt Lake

Borrower State

UT

Borrower Zip

84054-2925

Loan Status Date

08/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

240000.00

Current Approval Amount

240000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72251

Servicing Lender Name

Cache Valley Bank

Servicing Lender Address

101 N Main St

Servicing Lender City

LOGAN

Servicing Lender State

UT

Servicing Lender Zip

84321-4525

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Salt Lake

Project County Name

DAVIS

Project State

UT

Project Zip

84054-2925

CD

UT-02

Jobs Reported

37

NAICS Code

484110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

240000.00

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

Corporation

Originating Lender Location Id

72251

Originating Lender

Cache Valley Bank

Originating Lender City

LOGAN

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

243173.33

Forgiveness Date

07/25/2022

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