PPP Loan information for Raine development llc

$297,000

Raine development llc was initially approved for PPP Loan of amount $297,000, the current approved amount is $297,000. The loan was approved on 04/03/2020 by The Peoples Bank and Trust Company reported 70 jobs and $297,000 was used to fund payroll.

Raine development llc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Raine development llc

RAINE DEVELOPMENT LLC

Date Approved

04/03/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAINE DEVELOPMENT LLC

Borrower Address

3980 Clearview St. NE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49546-1323

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

297000.00

Current Approval Amount

297000.00

Undisbursed Amount

0.00

Franchise Name

Freddy's Frozen Custard & Steakburgers

Servicing Lender Location Id

26165

Servicing Lender Name

Peoples Bank and Trust Company

Servicing Lender Address

101 S Main St

Servicing Lender City

MCPHERSON

Servicing Lender State

KS

Servicing Lender Zip

67460-4842

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49546-1323

CD

MI-03

Jobs Reported

70

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

24250.00

Payroll Proceed

222750.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

26165

Originating Lender

Peoples Bank and Trust Company

Originating Lender City

MCPHERSON

Originating Lender State

KS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

299050.52

Forgiveness Date

12/22/2020

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