PPP Loan information for American rack systems llc

$185,000

American rack systems llc was initially approved for PPP Loan of amount $185,000, the current approved amount is $185,000. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 150 jobs and $185,000 was used to fund payroll.

American rack systems llc is Existing or more than 2 years old

PPP Loan Search / TX / FRISCO / American rack systems llc

AMERICAN RACK SYSTEMS LLC

Date Approved

05/01/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

AMERICAN RACK SYSTEMS LLC

Borrower Address

8575 MARION DR

Borrower City

FRISCO

Borrower State

TX

Borrower Zip

75034

Loan Status Date

06/30/2020

Loan Status

Charged Off

Term

3

SBA Guaranty Percentage

100

Initial Approval Amount

185000.00

Current Approval Amount

185000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FRISCO

Project County Name

COLLIN

Project State

TX

Project Zip

75034-0001

CD

TX-26

Jobs Reported

150

NAICS Code

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

900.00

Payroll Proceed

179330.00

Mortgage Interest Proceed

3720.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1050.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;