PPP Loan information for Rapids brewing company, llc

$103,400

Rapids brewing company, llc was initially approved for PPP Loan of amount $111,600, the current approved amount is $103,400. The loan was approved on 04/13/2020 by The Park State Bank reported 14 jobs and $103,400 was used to fund payroll.

Rapids brewing company, llc is New Business or 2 years or less

PPP Loan Search / MN / GRAND RAPIDS / Rapids brewing company, llc

RAPIDS BREWING COMPANY, LLC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAPIDS BREWING COMPANY, LLC

Borrower Address

214 N Pokegama Ave

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-2723

Loan Status Date

02/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

111600.00

Current Approval Amount

103400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-2723

CD

MN-08

Jobs Reported

14

NAICS Code

312120

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

8000.00

Payroll Proceed

82720.00

Mortgage Interest Proceed

12680.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

104198.48

Forgiveness Date

01/26/2021

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