PPP Loan information for Rapid electric llc

$51,987

Rapid electric llc was initially approved for PPP Loan of amount $51,987, the current approved amount is $51,987. The loan was approved on 04/27/2020 by The Farmers and Merchants State Bank of Pierz reported 4 jobs and $51,987 was used to fund payroll.

Rapid electric llc is Existing or more than 2 years old

PPP Loan Search / MN / Sauk Rapids / Rapid electric llc

RAPID ELECTRIC LLC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAPID ELECTRIC LLC

Borrower Address

4810 75th Ave NE

Borrower City

Sauk Rapids

Borrower State

MN

Borrower Zip

56379-4515

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51987.00

Current Approval Amount

51987.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38741

Servicing Lender Name

Farmers and Merchants State Bank of Pierz

Servicing Lender Address

80 Main St

Servicing Lender City

PIERZ

Servicing Lender State

MN

Servicing Lender Zip

56364-4529

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sauk Rapids

Project County Name

BENTON

Project State

MN

Project Zip

56379-4515

CD

MN-06

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

51987.00

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

38741

Originating Lender

Farmers and Merchants State Bank of Pierz

Originating Lender City

PIERZ

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

52626.73

Forgiveness Date

07/22/2021

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