PPP Loan information for Ray's body shop, inc.

$94,900

Ray's body shop, inc. was initially approved for PPP Loan of amount $94,900, the current approved amount is $94,900. The loan was approved on 04/09/2020 by The Magnifi Financial CU reported 12 jobs and $94,900 was used to fund payroll.

Ray's body shop, inc. is Existing or more than 2 years old

PPP Loan Search / MN / LITTLE FALLS / Ray's body shop, inc.

RAY'S BODY SHOP, INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAY'S BODY SHOP, INC.

Borrower Address

12897 HIGHWAY 27

Borrower City

LITTLE FALLS

Borrower State

MN

Borrower Zip

56345-5209

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

94900.00

Current Approval Amount

94900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LITTLE FALLS

Project County Name

MORRISON

Project State

MN

Project Zip

56345-5209

CD

MN-07

Jobs Reported

12

NAICS Code

811121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13920.00

Payroll Proceed

75980.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

95430.40

Forgiveness Date

11/05/2020

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