PPP Loan information for Rasco industries, inc.

$287,500

Rasco industries, inc. was initially approved for PPP Loan of amount $287,500, the current approved amount is $287,500. The loan was approved on 01/17/2021 by The Flagship Bank Minnesota reported 18 jobs and $287,500 was used to fund payroll.

Rasco industries, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Mound / Rasco industries, inc.

RASCO INDUSTRIES, INC.

Date Approved

01/17/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RASCO INDUSTRIES, INC.

Borrower Address

5310 Shoreline Dr

Borrower City

Mound

Borrower State

MN

Borrower Zip

55364-1630

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

287500.00

Current Approval Amount

287500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38227

Servicing Lender Name

Flagship Bank Minnesota

Servicing Lender Address

1415 Wayzata Blvd East

Servicing Lender City

WAYZATA

Servicing Lender State

MN

Servicing Lender Zip

55391-1938

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mound

Project County Name

HENNEPIN

Project State

MN

Project Zip

55364-1630

CD

MN-03

Jobs Reported

18

NAICS Code

332321

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

287498.00

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

38227

Originating Lender

Flagship Bank Minnesota

Originating Lender City

WAYZATA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

289650.34

Forgiveness Date

10/27/2021

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