PPP Loan information for Rainstoppers, inc.

$225,000

Rainstoppers, inc. was initially approved for PPP Loan of amount $225,000, the current approved amount is $225,000. The loan was approved on 04/27/2020 by The Mortgage Capital Development Corporation reported 16 jobs and $225,000 was used to fund payroll.

Rainstoppers, inc. is Existing or more than 2 years old

RAINSTOPPERS, INC.

Date Approved

04/27/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

RAINSTOPPERS, INC.

Borrower Address

778 W 20th Street

Borrower City

Costa Mesa

Borrower State

CA

Borrower Zip

92627-3484

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

225000.00

Current Approval Amount

225000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188162

Servicing Lender Name

Mortgage Capital Development Corporation

Servicing Lender Address

1611 Telegraph Ave Suite 504

Servicing Lender City

Oakland

Servicing Lender State

CA

Servicing Lender Zip

94612

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Costa Mesa

Project County Name

ORANGE

Project State

CA

Project Zip

92627-3484

CD

CA-47

Jobs Reported

16

NAICS Code

332313

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

225000.00

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

Corporation

Originating Lender Location Id

188162

Originating Lender

Mortgage Capital Development Corporation

Originating Lender City

Oakland

Originating Lender State

CA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

227293.15

Forgiveness Date

05/14/2021

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