PPP Loan information for Rashid corp

$538,241

Rashid corp was initially approved for PPP Loan of amount $538,241, the current approved amount is $538,241. The loan was approved on 02/09/2021 by The MidCountry Bank reported 65 jobs and $538,241 was used to fund payroll.

Rashid corp is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Rashid corp

RASHID CORP

Date Approved

02/09/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RASHID CORP

Borrower Address

2231 Killebrew Dr

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55425-1881

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

538240.50

Current Approval Amount

538240.50

Undisbursed Amount

0.00

Franchise Name

IHOP

Servicing Lender Location Id

80291

Servicing Lender Name

MidCountry Bank

Servicing Lender Address

7825 Washington Ave South, Ste 120

Servicing Lender City

BLOOMINGTON

Servicing Lender State

MN

Servicing Lender Zip

55439-2431

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55425-1881

CD

MN-03

Jobs Reported

65

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

538235.50

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

80291

Originating Lender

MidCountry Bank

Originating Lender City

BLOOMINGTON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

541425.70

Forgiveness Date

09/21/2021

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