PPP Loan information for Praco, ltd

$730,832

Praco, ltd was initially approved for PPP Loan of amount $730,832, the current approved amount is $730,832. The loan was approved on 04/05/2020 by The First National Bank Colorado reported 48 jobs and $730,832 was used to fund payroll.

Praco, ltd is Existing or more than 2 years old

PPP Loan Search / CO / COLORADO SPRINGS / Praco, ltd

PRACO, LTD

Date Approved

04/05/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

PRACO, LTD

Borrower Address

2 N. NEVADA AVE, Suite 1400

Borrower City

COLORADO SPRINGS

Borrower State

CO

Borrower Zip

80903-1700

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

730832.21

Current Approval Amount

730832.21

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

15611

Servicing Lender Name

First National Bank Colorado

Servicing Lender Address

535 Bent Ave

Servicing Lender City

LAS ANIMAS

Servicing Lender State

CO

Servicing Lender Zip

81054-1725

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

COLORADO SPRINGS

Project County Name

EL PASO

Project State

CO

Project Zip

80903-1700

CD

CO-05

Jobs Reported

48

NAICS Code

541810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

153346.00

Payroll Proceed

513000.89

Mortgage Interest Proceed

0.00

Rent Proceed

22582.72

Refinance EIDL Proceed

0.00

Health Care Proceed

41738.84

Debt Interest Proceed

163.76

Business Type

Subchapter S Corporation

Originating Lender Location Id

15611

Originating Lender

First National Bank Colorado

Originating Lender City

LAS ANIMAS

Originating Lender State

CO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

734896.84

Forgiveness Date

11/03/2020

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