Rapid-Line INC Employee Stock Ownership and Savings Plan
$1,143,380 PPP Loan in Wyoming, Michigan
Loan Details
- Loan Number
- 1096717102
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,143,380
- Current Approval
- $1,143,380
- Forgiveness Amount
- $1,157,853
- Forgiveness Date
- Jul 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rapid-Line INC Employee Stock Ownership and Savings Plan
- Address
- 1475 Gezon Parkway SW 0.0
- City
- Wyoming
- State
- Michigan
- ZIP Code
- 49509-9388
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332322)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 106
- Estimated Revenue
- $25.9M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $914,704
- Rent
- $64,274
- Utilities
- $60,000
- Health Care
- $89,402
- Debt Interest
- $15,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
Other PPP Loans in Wyoming, MI
| Business | Approved | |
|---|---|---|
| Star Truck Rentals, Inc. | $3,646,740 |  Research |
| The Behler-Young Company | $3,538,100 | Research |
| Grand Rapids Foam Technologies INC | $3,534,615 | Research |
| National Nail Corp. | $2,694,000 | Research |
| Vanguard Fire and Supply Co. | $2,475,000 | Research |
Want to research this company further?
Try NewBizBot free