Date Approved
04/28/2020
SBA Office Code
0459
Processing Method
PPP
Borrower Name
ISLAND RAINBOW LLC
Borrower Address
101 RIVERCHASE PKWY E STE 200
Borrower City
HOOVER
Borrower State
AL
Borrower Zip
35244-1864
Loan Status Date
07/21/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
40274.95
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
120708
Servicing Lender Name
The First Bank
Servicing Lender Address
6480 Hwy 98, West
Servicing Lender City
HATTIESBURG
Servicing Lender State
MS
Servicing Lender Zip
39402
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Unanswered
Project City
Project County Name
SHELBY
Project State
Project Zip
CD
AL-06
Jobs Reported
8
NAICS Code
722511
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
2274.95
Payroll Proceed
35000.00
Mortgage Interest Proceed
Rent Proceed
3000.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
40720.21
Forgiveness Date
06/08/2021