PPP Loan information for Rite logistics, llc

$500,000

Rite logistics, llc was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 04/11/2020 by The International Bank of Commerce reported 20 jobs and $500,000 was used to fund payroll.

Rite logistics, llc is Existing or more than 2 years old

PPP Loan Search / TX / LAREDO / Rite logistics, llc

RITE LOGISTICS, LLC

Date Approved

04/11/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

RITE LOGISTICS, LLC

Borrower Address

19810 MINES RD

Borrower City

LAREDO

Borrower State

TX

Borrower Zip

78045-5025

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

70700

Servicing Lender Name

International Bank of Commerce

Servicing Lender Address

1200 San Bernardo Ave

Servicing Lender City

LAREDO

Servicing Lender State

TX

Servicing Lender Zip

78040-6301

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LAREDO

Project County Name

WEBB

Project State

TX

Project Zip

78045-5025

CD

TX-28

Jobs Reported

20

NAICS Code

551112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2470.00

Payroll Proceed

458510.00

Mortgage Interest Proceed

0.00

Rent Proceed

8850.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30170.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

70700

Originating Lender

International Bank of Commerce

Originating Lender City

LAREDO

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

505555.56

Forgiveness Date

05/21/2021

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