PPP Loan information for Rapid theory inc.

$186,200

Rapid theory inc. was initially approved for PPP Loan of amount $186,200, the current approved amount is $186,200. The loan was approved on 04/09/2020 by The Cache Valley Bank reported 32 jobs and $186,200 was used to fund payroll.

Rapid theory inc. is Existing or more than 2 years old

PPP Loan Search / UT / NORTH SALT LAKE / Rapid theory inc.

RAPID THEORY INC.

Date Approved

04/09/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

RAPID THEORY INC.

Borrower Address

847 NORTHPOINTE CIR

Borrower City

NORTH SALT LAKE

Borrower State

UT

Borrower Zip

84054-2925

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

186200.00

Current Approval Amount

186200.00

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

32

NAICS Code

999990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

174276.93

Mortgage Interest Proceed

1769.22

Rent Proceed

10153.85

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

188677.49

Forgiveness Date

08/03/2021

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