Rapid Med, LLC

$494,000 PPP Loan in Double Oak, Texas

Loan Details

Loan Number
2531547110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$494,000
Current Approval
$494,000
Forgiveness Amount
$498,344
Forgiveness Date
Mar 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rapid Med, LLC
Address
8501 Justin Road
State
Texas
ZIP Code
75077-3031
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Administrative and Support and Waste Management (561110)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-26

Loan Use Breakdown

Payroll
$428,000
Rent
$60,000
Utilities
$6,000

Lender Information

Servicing Lender
First State Bank
Originating Lender
First State Bank

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