PPP Loan information for Rapid act inc

$112,362

Rapid act inc was initially approved for PPP Loan of amount $112,362, the current approved amount is $112,362. The loan was approved on 01/31/2021 by The Regions Bank reported 11 jobs and $112,362 was used to fund payroll.

Rapid act inc is Existing or more than 2 years old

RAPID ACT INC

Date Approved

01/31/2021

SBA Office Code

0455

Processing Method

PPS

Borrower Name

RAPID ACT INC

Borrower Address

1581 W 49th St PMB 321

Borrower City

Hialeah

Borrower State

FL

Borrower Zip

33012-2924

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

112362.00

Current Approval Amount

112362.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hialeah

Project County Name

MIAMI-DADE

Project State

FL

Project Zip

33012-2924

CD

FL-26

Jobs Reported

11

NAICS Code

238220

Race

American Indian or Alaska Native

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

112359.00

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

Corporation

Originating Lender Location Id

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

113202.41

Forgiveness Date

11/10/2021

;