PPP Loan information for Riteway conveyors inc

$309,855

Riteway conveyors inc was initially approved for PPP Loan of amount $309,855, the current approved amount is $309,855. The loan was approved on 01/30/2021 by The Kensington Bank reported 31 jobs and $309,855 was used to fund payroll.

Riteway conveyors inc is Existing or more than 2 years old

PPP Loan Search / MN / HUTCHINSON / Riteway conveyors inc

RITEWAY CONVEYORS INC

Date Approved

01/30/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RITEWAY CONVEYORS INC

Borrower Address

1105 BENJAMIN AVENUE

Borrower City

HUTCHINSON

Borrower State

MN

Borrower Zip

55350

Loan Status Date

04/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

309854.88

Current Approval Amount

309854.88

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38282

Servicing Lender Name

Kensington Bank

Servicing Lender Address

11 N Central Ave

Servicing Lender City

KENSINGTON

Servicing Lender State

MN

Servicing Lender Zip

56343-4400

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUTCHINSON

Project County Name

MCLEOD

Project State

MN

Project Zip

55350

CD

MN-07

Jobs Reported

31

NAICS Code

333922

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

309852.88

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

38282

Originating Lender

Kensington Bank

Originating Lender City

KENSINGTON

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

313349.35

Forgiveness Date

03/17/2022

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