PPP Loan information for Racoe, inc.

$175,163

Racoe, inc. was initially approved for PPP Loan of amount $175,163, the current approved amount is $175,163. The loan was approved on 04/07/2020 by The Macon Bank and Trust Company reported 48 jobs and $175,163 was used to fund payroll.

Racoe, inc. is Existing or more than 2 years old

PPP Loan Search / TN / RED BOILING SPRINGS / Racoe, inc.

RACOE, INC.

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

RACOE, INC.

Borrower Address

327 COLLEGE ST

Borrower City

RED BOILING SPRINGS

Borrower State

TN

Borrower Zip

37150-2138

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

175163.00

Current Approval Amount

175163.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68797

Servicing Lender Name

Macon Bank and Trust Company

Servicing Lender Address

609 Red Boiling Springs Rd

Servicing Lender City

LAFAYETTE

Servicing Lender State

TN

Servicing Lender Zip

37083-1315

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RED BOILING SPRINGS

Project County Name

MACON

Project State

TN

Project Zip

37150-2138

CD

TN-06

Jobs Reported

48

NAICS Code

315280

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

175163.00

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

68797

Originating Lender

Macon Bank and Trust Company

Originating Lender City

LAFAYETTE

Originating Lender State

TN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

176199.58

Forgiveness Date

11/17/2020

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