PPP Loan information for Racks llc

$23,887

Racks llc was initially approved for PPP Loan of amount $23,887, the current approved amount is $23,887. The loan was approved on 01/27/2021 by The Wallis Bank reported 5 jobs and $23,887 was used to fund payroll.

Racks llc is Existing or more than 2 years old

PPP Loan Search / VA / Herndon / Racks llc

RACKS LLC

Date Approved

01/27/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

RACKS LLC

Borrower Address

2601 Quincy Adams Dr

Borrower City

Herndon

Borrower State

VA

Borrower Zip

20171-2540

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

23887.00

Current Approval Amount

23887.00

Undisbursed Amount

0.00

Franchise Name

7-Eleven, Inc - Individual Store Franchise Agreement

Servicing Lender Location Id

72083

Servicing Lender Name

Wallis Bank

Servicing Lender Address

6510 Railroad St

Servicing Lender City

WALLIS

Servicing Lender State

TX

Servicing Lender Zip

77485-9186

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Herndon

Project County Name

FAIRFAX

Project State

VA

Project Zip

20171-2540

CD

VA-11

Jobs Reported

5

NAICS Code

447110

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

23887.00

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

72083

Originating Lender

Wallis Bank

Originating Lender City

WALLIS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24005.11

Forgiveness Date

07/27/2021

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