Date Approved
04/10/2020
SBA Office Code
0669
Processing Method
PPP
Borrower Name
RAINBOW OF CHALLENGES, INC
Borrower Address
500 SOUTH MAIN ST
Borrower City
HOPE
Borrower State
AR
Borrower Zip
71801-5206
Loan Status Date
12/01/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1852700.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
4227
Servicing Lender Name
Bank of Delight
Servicing Lender Address
503 E Antioch St
Servicing Lender City
DELIGHT
Servicing Lender State
Servicing Lender Zip
71940-8302
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HEMPSTEAD
Project State
Project Zip
CD
AR-04
Jobs Reported
500
NAICS Code
623210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Non-Profit Organization
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1872976.77
Forgiveness Date
05/21/2021