PPP Loan information for Rainbow village childcare

$25,000

Rainbow village childcare was initially approved for PPP Loan of amount $25,000, the current approved amount is $25,000. The loan was approved on 04/01/2021 by The Old National Bank reported 10 jobs and $25,000 was used to fund payroll.

Rainbow village childcare is Existing or more than 2 years old

RAINBOW VILLAGE CHILDCARE

Date Approved

04/01/2021

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAINBOW VILLAGE CHILDCARE

Borrower Address

25350 W 6 Mile Rd

Borrower City

Redford

Borrower State

MI

Borrower Zip

48240-2105

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

25000.00

Current Approval Amount

25000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Redford

Project County Name

WAYNE

Project State

MI

Project Zip

48240-2105

CD

MI-12

Jobs Reported

10

NAICS Code

624410

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

24999.00

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

501(c)3 – Non Profit

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

25115.07

Forgiveness Date

09/21/2021

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