PPP Loan information for Rack distributing llc

$44,000

Rack distributing llc was initially approved for PPP Loan of amount $44,000, the current approved amount is $44,000. The loan was approved on 02/02/2021 by The Wilson Bank & Trust reported 4 jobs and $44,000 was used to fund payroll.

Rack distributing llc is Existing or more than 2 years old

PPP Loan Search / TN / Cookeville / Rack distributing llc

RACK DISTRIBUTING LLC

Date Approved

02/02/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

RACK DISTRIBUTING LLC

Borrower Address

2252 Summerfield Rd

Borrower City

Cookeville

Borrower State

TN

Borrower Zip

38506-5098

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

44000.00

Current Approval Amount

44000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

111740

Servicing Lender Name

Wilson Bank & Trust

Servicing Lender Address

623 W Main St

Servicing Lender City

LEBANON

Servicing Lender State

TN

Servicing Lender Zip

37087-3404

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cookeville

Project County Name

PUTNAM

Project State

TN

Project Zip

38506-5098

CD

TN-06

Jobs Reported

4

NAICS Code

424490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

43998.00

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

111740

Originating Lender

Wilson Bank & Trust

Originating Lender City

LEBANON

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

44347.18

Forgiveness Date

11/19/2021

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