PPP Loan information for Rct, incorporated

$247,107

Rct, incorporated was initially approved for PPP Loan of amount $247,107, the current approved amount is $247,107. The loan was approved on 04/07/2020 by The First National Bank of Michigan reported 12 jobs and $247,107 was used to fund payroll.

Rct, incorporated is Existing or more than 2 years old

PPP Loan Search / MI / WAYLAND / Rct, incorporated

RCT, INCORPORATED

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RCT, INCORPORATED

Borrower Address

1110 ELECTRIC AVE

Borrower City

WAYLAND

Borrower State

MI

Borrower Zip

49348-8901

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

247107.00

Current Approval Amount

247107.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440800

Servicing Lender Name

First National Bank of Michigan

Servicing Lender Address

348 W Michigan Ave

Servicing Lender City

KALAMAZOO

Servicing Lender State

MI

Servicing Lender Zip

49007-3755

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAYLAND

Project County Name

ALLEGAN

Project State

MI

Project Zip

49348-8901

CD

MI-03

Jobs Reported

12

NAICS Code

488510

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

247107.00

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

440800

Originating Lender

First National Bank of Michigan

Originating Lender City

KALAMAZOO

Originating Lender State

MI

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

248501.63

Forgiveness Date

11/03/2020

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