PPP Loan information for Racer's edge

$30,000

Racer's edge was initially approved for PPP Loan of amount $30,000, the current approved amount is $30,000. The loan was approved on 05/01/2020 by The Regions Bank reported 11 jobs and $30,000 was used to fund payroll.

Racer's edge is Existing or more than 2 years old

PPP Loan Search / TX / Pearland / Racer's edge

RACER'S EDGE

Date Approved

05/01/2020

SBA Office Code

0671

Processing Method

PPP

Borrower Name

RACER'S EDGE

Borrower Address

1980 Country Place Pkwy,

Borrower City

Pearland

Borrower State

TX

Borrower Zip

77584

Loan Status Date

12/08/2021

Loan Status

Charged Off

Term

4

SBA Guaranty Percentage

100

Initial Approval Amount

30000.00

Current Approval Amount

30000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Pearland

Project County Name

BRAZORIA

Project State

TX

Project Zip

77584-0001

CD

TX-22

Jobs Reported

11

NAICS Code

811192

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

30000.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

28126.84

Forgiveness Date

10/06/2021

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