PPP Loan information for Reacor, ltd

$483,100

Reacor, ltd was initially approved for PPP Loan of amount $483,100, the current approved amount is $483,100. The loan was approved on 04/12/2020 by The MidWestOne Bank reported 67 jobs and $483,100 was used to fund payroll.

Reacor, ltd is Existing or more than 2 years old

PPP Loan Search / MN / EDEN PRAIRIE / Reacor, ltd

REACOR, LTD

Date Approved

04/12/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REACOR, LTD

Borrower Address

6640 Shady Oak Road #300

Borrower City

EDEN PRAIRIE

Borrower State

MN

Borrower Zip

55344-1133

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

483100.00

Current Approval Amount

483100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDEN PRAIRIE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55344-1133

CD

MN-03

Jobs Reported

67

NAICS Code

531110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30193.75

Payroll Proceed

362325.00

Mortgage Interest Proceed

30193.75

Rent Proceed

30193.75

Refinance EIDL Proceed

0.00

Health Care Proceed

30193.75

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

486911.12

Forgiveness Date

02/03/2021

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