PPP Loan information for Rand enterprises inc
$553,500
Rand enterprises inc was initially approved for PPP Loan of amount $553,500, the current approved amount is $553,500. The loan was approved on 01/23/2021 by The Primis Bank reported 22 jobs and $553,500 was used to fund payroll.
Rand enterprises inc is Existing or more than 2 years old
RAND ENTERPRISES INC
Date Approved
01/23/2021
SBA Office Code
0304
Processing Method
PPS
Borrower Name
RAND ENTERPRISES INC
Borrower Address
850 39th St # S101
Borrower City
Newport News
Borrower State
VA
Borrower Zip
23607-3171
Loan Status Date
01/19/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
553500.00
Current Approval Amount
553500.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
434059
Servicing Lender Name
Primis Bank
Servicing Lender Address
307 Church Lane
Servicing Lender City
TAPPAHANNOCK
Servicing Lender State
VA
Servicing Lender Zip
22560
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Newport News
Project County Name
NEWPORT NEWS CITY
Project State
VA
Project Zip
23607-3171
CD
VA-03
Jobs Reported
22
NAICS Code
236210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
553497.00
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
Subchapter S Corporation
Originating Lender Location Id
434059
Originating Lender
Primis Bank
Originating Lender City
TAPPAHANNOCK
Originating Lender State
VA
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
558276.78
Forgiveness Date
12/09/2021