PPP Loan information for Ray c's cycle and sports, inc.

$408,767

Ray c's cycle and sports, inc. was initially approved for PPP Loan of amount $408,767, the current approved amount is $408,767. The loan was approved on 04/08/2020 by The ChoiceOne Bank reported 45 jobs and $408,767 was used to fund payroll.

Ray c's cycle and sports, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LAPEER / Ray c's cycle and sports, inc.

RAY C'S CYCLE AND SPORTS, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAY C'S CYCLE AND SPORTS, INC.

Borrower Address

1491 S LAPEER RD

Borrower City

LAPEER

Borrower State

MI

Borrower Zip

48446-9441

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

408767.00

Current Approval Amount

408767.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAPEER

Project County Name

LAPEER

Project State

MI

Project Zip

48446-9441

CD

MI-10

Jobs Reported

45

NAICS Code

441228

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

408767.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

411152.41

Forgiveness Date

11/17/2020

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