PPP Loan information for Rapid tool & machine llc.

$49,200

Rapid tool & machine llc. was initially approved for PPP Loan of amount $49,200, the current approved amount is $49,200. The loan was approved on 04/30/2020 by The Customers Bank reported 7 jobs and $49,200 was used to fund payroll.

Rapid tool & machine llc. is Existing or more than 2 years old

PPP Loan Search / MI / Sheridan / Rapid tool & machine llc.

RAPID TOOL & MACHINE LLC.

Date Approved

04/30/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAPID TOOL & MACHINE LLC.

Borrower Address

2051 Condensery Road

Borrower City

Sheridan

Borrower State

MI

Borrower Zip

48884

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

49200.00

Current Approval Amount

49200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sheridan

Project County Name

MONTCALM

Project State

MI

Project Zip

48884-0001

CD

MI-02

Jobs Reported

7

NAICS Code

339999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

49200.00

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

Sole Proprietorship

Originating Lender Location Id

121536

Originating Lender

Customers Bank

Originating Lender City

Malvern

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

49611.12

Forgiveness Date

03/09/2021

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