PPP Loan information for Rainbow ridge farm

$80,000

Rainbow ridge farm was initially approved for PPP Loan of amount $80,000, the current approved amount is $80,000. The loan was approved on 04/11/2020 by The Wells River Savings Bank reported 9 jobs and $80,000 was used to fund payroll.

Rainbow ridge farm is Existing or more than 2 years old

RAINBOW RIDGE FARM

Date Approved

04/11/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

RAINBOW RIDGE FARM

Borrower Address

6576 ROUTE 5 S

Borrower City

NEWBURY

Borrower State

VT

Borrower Zip

05051-9625

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

80000.00

Current Approval Amount

80000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73046

Servicing Lender Name

Wells River Savings Bank

Servicing Lender Address

34 Main St N

Servicing Lender City

WELLS RIVER

Servicing Lender State

VT

Servicing Lender Zip

05081-9602

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEWBURY

Project County Name

ORANGE

Project State

VT

Project Zip

05051-9625

CD

VT-

Jobs Reported

9

NAICS Code

113310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

15000.00

Payroll Proceed

65000.00

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

Sole Proprietorship

Originating Lender Location Id

73046

Originating Lender

Wells River Savings Bank

Originating Lender City

WELLS RIVER

Originating Lender State

VT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

80471.23

Forgiveness Date

11/19/2020

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