PPP Loan information for River city floor coverings inc

$126,800

River city floor coverings inc was initially approved for PPP Loan of amount $150,900, the current approved amount is $126,800. The loan was approved on 04/03/2020 by The Merchants Bank, National Association reported 15 jobs and $126,800 was used to fund payroll.

River city floor coverings inc is Existing or more than 2 years old

PPP Loan Search / MN / RED WING / River city floor coverings inc

RIVER CITY FLOOR COVERINGS INC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RIVER CITY FLOOR COVERINGS INC

Borrower Address

3016 NORTH SERVICE DRIVE

Borrower City

RED WING

Borrower State

MN

Borrower Zip

55066-1921

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

150900.00

Current Approval Amount

126800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED WING

Project County Name

GOODHUE

Project State

MN

Project Zip

55066-1921

CD

MN-01

Jobs Reported

15

NAICS Code

442210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3290.00

Payroll Proceed

107310.00

Mortgage Interest Proceed

0.00

Rent Proceed

16200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

125805.26

Forgiveness Date

02/10/2021

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