PPP Loan information for Ricon inc

$989,167

Ricon inc was initially approved for PPP Loan of amount $989,167, the current approved amount is $989,167. The loan was approved on 02/22/2021 by The Century Next Bank reported 71 jobs and $989,167 was used to fund payroll.

Ricon inc is Existing or more than 2 years old

RICON INC

Date Approved

02/22/2021

SBA Office Code

0669

Processing Method

PPS

Borrower Name

RICON INC

Borrower Address

2601 HIGHWAY 82 W

Borrower City

CROSSETT

Borrower State

AR

Borrower Zip

71635

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

989167.41

Current Approval Amount

989167.41

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

82860

Servicing Lender Name

Century Next Bank

Servicing Lender Address

505 N Vienna St

Servicing Lender City

RUSTON

Servicing Lender State

LA

Servicing Lender Zip

71270-3813

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CROSSETT

Project County Name

ASHLEY

Project State

AR

Project Zip

71635

CD

AR-04

Jobs Reported

71

NAICS Code

236210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

989163.41

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

82860

Originating Lender

Century Next Bank

Originating Lender City

RUSTON

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

997300.56

Forgiveness Date

12/16/2021

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