PPP Loan information for Rainbow of challenges, inc

$1,852,700

Rainbow of challenges, inc was initially approved for PPP Loan of amount $1,852,700, the current approved amount is $1,852,700. The loan was approved on 04/10/2020 by The Bank of Delight reported 500 jobs and $1,852,700 was used to fund payroll.

Rainbow of challenges, inc is Existing or more than 2 years old

PPP Loan Search / AR / HOPE / Rainbow of challenges, inc

RAINBOW OF CHALLENGES, INC

Date Approved

04/10/2020

SBA Office Code

0669

Processing Method

PPP

Borrower Name

RAINBOW OF CHALLENGES, INC

Borrower Address

500 SOUTH MAIN ST

Borrower City

HOPE

Borrower State

AR

Borrower Zip

71801-5206

Loan Status Date

12/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1852700.00

Current Approval Amount

1852700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4227

Servicing Lender Name

Bank of Delight

Servicing Lender Address

503 E Antioch St

Servicing Lender City

DELIGHT

Servicing Lender State

AR

Servicing Lender Zip

71940-8302

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HOPE

Project County Name

HEMPSTEAD

Project State

AR

Project Zip

71801-5206

CD

AR-04

Jobs Reported

500

NAICS Code

623210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1852700.00

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

Non-Profit Organization

Originating Lender Location Id

4227

Originating Lender

Bank of Delight

Originating Lender City

DELIGHT

Originating Lender State

AR

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

1872976.77

Forgiveness Date

05/21/2021

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