PPP Loan information for Rainbow industries inc

$47,325

Rainbow industries inc was initially approved for PPP Loan of amount $47,325, the current approved amount is $47,325. The loan was approved on 04/14/2020 by The The Park National Bank reported 4 jobs and $47,325 was used to fund payroll.

Rainbow industries inc is Existing or more than 2 years old

RAINBOW INDUSTRIES INC

Date Approved

04/14/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

RAINBOW INDUSTRIES INC

Borrower Address

5975 E National Rd

Borrower City

SPRINGFIELD

Borrower State

OH

Borrower Zip

45505

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

47325.00

Current Approval Amount

47325.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57912

Servicing Lender Name

The Park National Bank

Servicing Lender Address

50 N Third St

Servicing Lender City

NEWARK

Servicing Lender State

OH

Servicing Lender Zip

43055-5523

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGFIELD

Project County Name

CLARK

Project State

OH

Project Zip

45505-1001

CD

OH-10

Jobs Reported

4

NAICS Code

314910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2638.00

Payroll Proceed

37860.00

Mortgage Interest Proceed

0.00

Rent Proceed

1600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

4141.00

Debt Interest Proceed

1086

Business Type

Subchapter S Corporation

Originating Lender Location Id

57912

Originating Lender

The Park National Bank

Originating Lender City

NEWARK

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

47606.36

Forgiveness Date

11/30/2020

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