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Rasco Industries, Inc.

$287,500 PPP Loan in Mound, Minnesota

Loan Details

Loan Number
1376658305
Date Approved
Jan 17, 2021
Loan Status
Paid in Full
Initial Approval
$287,500
Current Approval
$287,500
Forgiveness Amount
$289,650
Forgiveness Date
Oct 27, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Rasco Industries, Inc.
Address
5310 Shoreline Dr
City
Mound
State
Minnesota
ZIP Code
55364-1630
Business Type
Corporation
Industry (NAICS)
Manufacturing (332321)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$287,498
Utilities
$1

Lender Information

Servicing Lender
Security Bank & Trust Company
Originating Lender
Security Bank and Trust Company

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