PPP Loan information for Rao manufacturing company

$2,433,608

Rao manufacturing company was initially approved for PPP Loan of amount $2,433,608, the current approved amount is $2,433,608. The loan was approved on 04/15/2020 by The U.S. Bank, National Association reported 219 jobs and $2,433,608 was used to fund payroll.

Rao manufacturing company is Existing or more than 2 years old

PPP Loan Search / MN / Fridley / Rao manufacturing company

RAO MANUFACTURING COMPANY

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAO MANUFACTURING COMPANY

Borrower Address

200 Mississippi Street NE

Borrower City

Fridley

Borrower State

MN

Borrower Zip

55432

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2433607.50

Current Approval Amount

2433607.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Fridley

Project County Name

ANOKA

Project State

MN

Project Zip

55432-0001

CD

MN-05

Jobs Reported

219

NAICS Code

332119

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2433607.50

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

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2464365.59

Forgiveness Date

07/23/2021

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