Date Approved
04/08/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
RA-CAR INC
Borrower Address
202 W College Drive
Borrower City
MARSHALL
Borrower State
MN
Borrower Zip
56258-1750
Loan Status Date
02/23/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
42054.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38814
Servicing Lender Name
First Independent Bank
Servicing Lender Address
300 Front St
Servicing Lender City
RUSSELL
Servicing Lender State
Servicing Lender Zip
56169
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LYON
Project State
Project Zip
CD
MN-07
Jobs Reported
3
NAICS Code
812320
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
4500.00
Payroll Proceed
31900.00
Mortgage Interest Proceed
Rent Proceed
3254.00
Refinance EIDL Proceed
Health Care Proceed
2400.00
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
35263.35
Forgiveness Date
11/12/2020