PPP Loan information for Raycar gear & machine company

$377,955

Raycar gear & machine company was initially approved for PPP Loan of amount $377,955, the current approved amount is $377,955. The loan was approved on 04/13/2020 by The Byron Bank reported 21 jobs and $377,955 was used to fund payroll.

Raycar gear & machine company is Existing or more than 2 years old

PPP Loan Search / IL / ROCKFORD / Raycar gear & machine company

RAYCAR GEAR & MACHINE COMPANY

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RAYCAR GEAR & MACHINE COMPANY

Borrower Address

6125 11TH ST

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61109-4342

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

377955.00

Current Approval Amount

377955.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20369

Servicing Lender Name

Byron Bank

Servicing Lender Address

200 N Walnut

Servicing Lender City

BYRON

Servicing Lender State

IL

Servicing Lender Zip

61010-8803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61109-4342

CD

IL-16

Jobs Reported

21

NAICS Code

333517

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7559.10

Payroll Proceed

302364.00

Mortgage Interest Proceed

0.00

Rent Proceed

56693.25

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

11338.65

Business Type

Corporation

Originating Lender Location Id

20369

Originating Lender

Byron Bank

Originating Lender City

BYRON

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

380894.65

Forgiveness Date

01/27/2021

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