PPP Loan information for Rao manufacturing company

$1,995,107

Rao manufacturing company was initially approved for PPP Loan of amount $1,995,107, the current approved amount is $1,995,107. The loan was approved on 01/28/2021 by The U.S. Bank, National Association reported 215 jobs and $1,995,107 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

01/28/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RAO MANUFACTURING COMPANY

Borrower Address

200 Mississippi St NE

Borrower City

Fridley

Borrower State

MN

Borrower Zip

55432-4321

Loan Status Date

03/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1995107.00

Current Approval Amount

1995107.00

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

55432-4321

CD

MN-05

Jobs Reported

215

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1995106.00

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

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

2015723.11

Forgiveness Date

02/09/2022

;