PPP Loan information for Rare earth coatings, inc.

$209,200

Rare earth coatings, inc. was initially approved for PPP Loan of amount $209,200, the current approved amount is $209,200. The loan was approved on 04/27/2020 by The Center National Bank reported 35 jobs and $209,200 was used to fund payroll.

Rare earth coatings, inc. is Existing or more than 2 years old

PPP Loan Search / MN / LITCHFIELD / Rare earth coatings, inc.

RARE EARTH COATINGS, INC.

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RARE EARTH COATINGS, INC.

Borrower Address

412 South Gilman Avenue

Borrower City

LITCHFIELD

Borrower State

MN

Borrower Zip

55355

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

209200.00

Current Approval Amount

209200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38324

Servicing Lender Name

Center National Bank

Servicing Lender Address

301 N Ramsey Ave

Servicing Lender City

LITCHFIELD

Servicing Lender State

MN

Servicing Lender Zip

55355-2125

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LITCHFIELD

Project County Name

MEEKER

Project State

MN

Project Zip

55355-0001

CD

MN-07

Jobs Reported

35

NAICS Code

339999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

209200.00

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

Subchapter S Corporation

Originating Lender Location Id

38324

Originating Lender

Center National Bank

Originating Lender City

LITCHFIELD

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

210362.22

Forgiveness Date

11/23/2020

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