Rapids Process Equipment INC
$59,400 PPP Loan in Cohasset, Minnesota
Loan Details
- Loan Number
- 1932997101
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $59,400
- Current Approval
- $59,400
- Forgiveness Amount
- $59,717
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rapids Process Equipment INC
- Address
- 26489 Industrial Blvd
- City
- Cohasset
- State
- Minnesota
- ZIP Code
- 55721-8696
- Business Type
- Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 5
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $47,500
- Utilities
- $4,000
- Debt Interest
- $7,900
Lender Information
- Servicing Lender
- Woodland Bank
- Originating Lender
- Woodland Bank
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