Rao Manufacturing Company
$2,433,608 PPP Loan in Fridley, Minnesota
Loan Details
- Loan Number
- 1760767203
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,433,608
- Current Approval
- $2,433,608
- Forgiveness Amount
- $2,464,366
- Forgiveness Date
- Jul 23, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rao Manufacturing Company
- Address
- 200 Mississippi Street NE
- City
- Fridley
- State
- Minnesota
- ZIP Code
- 55432
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332119)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 219
- Estimated Revenue
- $53.5M
- Rural/Urban
- Urban
- Congressional District
- MN-05
Loan Use Breakdown
- Payroll
- $2,433,608
Lender Information
- Servicing Lender
- U.s. Bank, National Association
- Originating Lender
- U.s. Bank, National Association
Other PPP Loans in Fridley, MN
| Business | Approved | |
|---|---|---|
| Reviva, Inc. | $2,589,000 |  Research |
| Metropolitan Transportation Network, INC | $1,998,200 | Research |
| Rao Manufacturing Company | $1,995,107 | Research |
| Fridley Motor Company | $1,580,800 | Research |
| Richland Refrigerated Solutions | $1,364,800 | Research |
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