PPP Loan information for Raco steel company

$385,750

Raco steel company was initially approved for PPP Loan of amount $385,750, the current approved amount is $385,750. The loan was approved on 04/08/2020 by The BMO Harris Bank National Association reported 33 jobs and $385,750 was used to fund payroll.

Raco steel company is Existing or more than 2 years old

PPP Loan Search / IL / MARKHAM / Raco steel company

RACO STEEL COMPANY

Date Approved

04/08/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

RACO STEEL COMPANY

Borrower Address

2100 W 163RD PL

Borrower City

MARKHAM

Borrower State

IL

Borrower Zip

60428-5649

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

385750.00

Current Approval Amount

385750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21442

Servicing Lender Name

BMO Harris Bank National Association

Servicing Lender Address

111 W Monroe St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-4096

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MARKHAM

Project County Name

COOK

Project State

IL

Project Zip

60428-5649

CD

IL-02

Jobs Reported

33

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

385750.00

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

Subchapter S Corporation

Originating Lender Location Id

21442

Originating Lender

BMO Harris Bank National Association

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

390061.95

Forgiveness Date

06/03/2021

;