PPP Loan information for The rapid group llc

$395,400

The rapid group llc was initially approved for PPP Loan of amount $395,400, the current approved amount is $395,400. The loan was approved on 01/20/2021 by The Macatawa Bank reported 29 jobs and $395,400 was used to fund payroll.

The rapid group llc is Existing or more than 2 years old

PPP Loan Search / MI / Grandville / The rapid group llc

THE RAPID GROUP LLC

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

THE RAPID GROUP LLC

Borrower Address

2972 Sangra Ave SW

Borrower City

Grandville

Borrower State

MI

Borrower Zip

49418-1585

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

395400.00

Current Approval Amount

395400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grandville

Project County Name

KENT

Project State

MI

Project Zip

49418-1585

CD

MI-02

Jobs Reported

29

NAICS Code

561990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

395399.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

396927.44

Forgiveness Date

06/23/2021

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