PPP Loan information for Rak inc

$28,750

Rak inc was initially approved for PPP Loan of amount $28,750, the current approved amount is $28,750. The loan was approved on 04/29/2020 by The Bank of Ocean City reported 2 jobs and $28,750 was used to fund payroll.

Rak inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Rak inc

RAK INC

Date Approved

04/29/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RAK INC

Borrower Address

405 14TH ST UNIT 18

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21842-5788

Loan Status Date

06/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

28750.00

Current Approval Amount

28750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30804

Servicing Lender Name

Bank of Ocean City

Servicing Lender Address

10005 Golf Course Rd

Servicing Lender City

OCEAN CITY

Servicing Lender State

MD

Servicing Lender Zip

21842-9700

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OCEAN CITY

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-5788

CD

MD-01

Jobs Reported

2

NAICS Code

531210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

28750.00

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

30804

Originating Lender

Bank of Ocean City

Originating Lender City

OCEAN CITY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

29043.80

Forgiveness Date

05/20/2021

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