PPP Loan information for Rich's machinery co., inc

$267,200

Rich's machinery co., inc was initially approved for PPP Loan of amount $267,200, the current approved amount is $267,200. The loan was approved on 04/06/2020 by The VeraBank, National Association reported 18 jobs and $267,200 was used to fund payroll.

Rich's machinery co., inc is Existing or more than 2 years old

PPP Loan Search / TX / LONGVIEW / Rich's machinery co., inc

RICH'S MACHINERY CO., INC

Date Approved

04/06/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

RICH'S MACHINERY CO., INC

Borrower Address

5158 W Loop 281 S

Borrower City

LONGVIEW

Borrower State

TX

Borrower Zip

75605-8403

Loan Status Date

01/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

267200.00

Current Approval Amount

267200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

70109

Servicing Lender Name

VeraBank, National Association

Servicing Lender Address

201 W Main St

Servicing Lender City

HENDERSON

Servicing Lender State

TX

Servicing Lender Zip

75652-3106

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LONGVIEW

Project County Name

GREGG

Project State

TX

Project Zip

75605-8403

CD

TX-01

Jobs Reported

18

NAICS Code

333131

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

267200.00

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

Corporation

Originating Lender Location Id

70109

Originating Lender

VeraBank, National Association

Originating Lender City

HENDERSON

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

268973.91

Forgiveness Date

12/10/2020

;