PPP Loan information for Rite tool inc.

$222,550

Rite tool inc. was initially approved for PPP Loan of amount $222,550, the current approved amount is $222,550. The loan was approved on 01/25/2021 by The Fifth Third Bank reported 13 jobs and $222,550 was used to fund payroll.

Rite tool inc. is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Rite tool inc.

RITE TOOL INC.

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RITE TOOL INC.

Borrower Address

36740 Metro Ct

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48312-1010

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

222550.00

Current Approval Amount

222550.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48312-1010

CD

MI-10

Jobs Reported

13

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

222547.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

224472.58

Forgiveness Date

12/14/2021

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