PPP Loan information for Red effect international franchise llc

$98,800

Red effect international franchise llc was initially approved for PPP Loan of amount $98,800, the current approved amount is $98,800. The loan was approved on 03/13/2021 by The Loan Source Incorporated reported 7 jobs and $98,800 was used to fund payroll.

Red effect international franchise llc is Existing or more than 2 years old

PPP Loan Search / MI / Dearborn / Red effect international franchise llc

RED EFFECT INTERNATIONAL FRANCHISE LLC

Date Approved

03/13/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RED EFFECT INTERNATIONAL FRANCHISE LLC

Borrower Address

23600 Michigan Ave

Borrower City

Dearborn

Borrower State

MI

Borrower Zip

48124-1910

Loan Status Date

07/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

98800.00

Current Approval Amount

98800.00

Undisbursed Amount

0.00

Franchise Name

Red Effect Infrared Fitness

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dearborn

Project County Name

WAYNE

Project State

MI

Project Zip

48124-1910

CD

MI-12

Jobs Reported

7

NAICS Code

713940

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

98794.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

100009.96

Forgiveness Date

06/15/2022

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