PPP Loan information for Rapids capital, inc.

$106,393

Rapids capital, inc. was initially approved for PPP Loan of amount $106,393, the current approved amount is $106,393. The loan was approved on 04/28/2020 by The Mercantile Bank reported 30 jobs and $106,393 was used to fund payroll.

Rapids capital, inc. is Existing or more than 2 years old

PPP Loan Search / MI / KALAMAZOO / Rapids capital, inc.

RAPIDS CAPITAL, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAPIDS CAPITAL, INC.

Borrower Address

5038 KL AVE

Borrower City

KALAMAZOO

Borrower State

MI

Borrower Zip

49009-1601

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106393.00

Current Approval Amount

106393.00

Undisbursed Amount

0.00

Franchise Name

Cottage Inn Pizza

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

KALAMAZOO

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49009-1601

CD

MI-04

Jobs Reported

30

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

106393.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

107040.10

Forgiveness Date

12/09/2020

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