PPP Loan information for R&s systems inc

$162,900

R&s systems inc was initially approved for PPP Loan of amount $162,900, the current approved amount is $162,900. The loan was approved on 04/05/2020 by The Merchants Bank, National Association reported 47 jobs and $162,900 was used to fund payroll.

R&s systems inc is Existing or more than 2 years old

PPP Loan Search / MN / STILLWATER / R&s systems inc

R&S SYSTEMS INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

R&S SYSTEMS INC

Borrower Address

1725 MARKET DR

Borrower City

STILLWATER

Borrower State

MN

Borrower Zip

55082-7574

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

162900.00

Current Approval Amount

162900.00

Undisbursed Amount

0.00

Franchise Name

Culver's ButterBurgers & Frozen Custard

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STILLWATER

Project County Name

WASHINGTON

Project State

MN

Project Zip

55082-7574

CD

MN-04

Jobs Reported

47

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4887.00

Payroll Proceed

127062.00

Mortgage Interest Proceed

0.00

Rent Proceed

30951.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

164162.47

Forgiveness Date

01/20/2021

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