Rikon Power Tools Inc.

$217,500 PPP Loan in Billerica, Massachusetts

Loan Details

Loan Number
3014207305
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$217,500
Current Approval
$217,500
Forgiveness Amount
$219,365
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rikon Power Tools Inc.
Address
16 Progress Road
ZIP Code
01821
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423710)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$5.5M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$217,500

Lender Information

Servicing Lender
Citizens Bank, National Association
Originating Lender
Citizens Bank, National Association

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