PPP Loan information for Racnc, llc

$897,500

Racnc, llc was initially approved for PPP Loan of amount $897,500, the current approved amount is $897,500. The loan was approved on 04/09/2020 by The TowneBank reported 70 jobs and $897,500 was used to fund payroll.

Racnc, llc is Existing or more than 2 years old

PPP Loan Search / NC / MATTHEWS / Racnc, llc

RACNC, LLC

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

RACNC, LLC

Borrower Address

9300 East Independence Blvd.

Borrower City

MATTHEWS

Borrower State

NC

Borrower Zip

28105-4508

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

897500.00

Current Approval Amount

897500.00

Undisbursed Amount

0.00

Franchise Name

Audi Dealer Agreement

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MATTHEWS

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28105-4508

CD

NC-14

Jobs Reported

70

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

897500.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

906350.35

Forgiveness Date

04/06/2021

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