PPP Loan information for Ray reduce development inc.

$48,300

Ray reduce development inc. was initially approved for PPP Loan of amount $48,300, the current approved amount is $48,300. The loan was approved on 01/27/2021 by The ConnectOne Bank reported 4 jobs and $48,300 was used to fund payroll.

Ray reduce development inc. is Existing or more than 2 years old

PPP Loan Search / NJ / Englewood Cliffs / Ray reduce development inc.

RAY REDUCE DEVELOPMENT INC.

Date Approved

01/27/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

RAY REDUCE DEVELOPMENT INC.

Borrower Address

640 E Palisade Ave

Borrower City

Englewood Cliffs

Borrower State

NJ

Borrower Zip

07632-1827

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

48300.00

Current Approval Amount

48300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

432941

Servicing Lender Name

ConnectOne Bank

Servicing Lender Address

301 Sylvan Ave

Servicing Lender City

ENGLEWOOD CLIFFS

Servicing Lender State

NJ

Servicing Lender Zip

07632-2539

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Englewood Cliffs

Project County Name

BERGEN

Project State

NJ

Project Zip

07632-1827

CD

NJ-05

Jobs Reported

4

NAICS Code

236115

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

48299.00

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

432941

Originating Lender

ConnectOne Bank

Originating Lender City

ENGLEWOOD CLIFFS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

48919.85

Forgiveness Date

05/11/2022

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