PPP Loan information for Rayco steel process inc.

$193,997

Rayco steel process inc. was initially approved for PPP Loan of amount $193,997, the current approved amount is $193,997. The loan was approved on 04/15/2020 by The Lake City Bank reported 18 jobs and $193,997 was used to fund payroll.

Rayco steel process inc. is Existing or more than 2 years old

PPP Loan Search / IN / WARSAW / Rayco steel process inc.

RAYCO STEEL PROCESS INC.

Date Approved

04/15/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

RAYCO STEEL PROCESS INC.

Borrower Address

207 S. Lincoln St

Borrower City

WARSAW

Borrower State

IN

Borrower Zip

46580-3771

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

193997.37

Current Approval Amount

193997.37

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24432

Servicing Lender Name

Lake City Bank

Servicing Lender Address

202 E Center St

Servicing Lender City

WARSAW

Servicing Lender State

IN

Servicing Lender Zip

46580-2842

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WARSAW

Project County Name

KOSCIUSKO

Project State

IN

Project Zip

46580-3771

CD

IN-02

Jobs Reported

18

NAICS Code

339112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10034.28

Payroll Proceed

155197.90

Mortgage Interest Proceed

0.00

Rent Proceed

9520.00

Refinance EIDL Proceed

0.00

Health Care Proceed

16324.39

Debt Interest Proceed

2920.8

Business Type

Subchapter S Corporation

Originating Lender Location Id

24432

Originating Lender

Lake City Bank

Originating Lender City

WARSAW

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

195479.29

Forgiveness Date

01/25/2021

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