Rapid Logistics, LLC

$2,074,500 PPP Loan in Pharr, Texas

Loan Details

Loan Number
3164187100
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$2,074,500
Current Approval
$2,074,500
Forgiveness Amount
$2,101,987
Forgiveness Date
Aug 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rapid Logistics, LLC
Address
3814 N Cage Blvd
City
Pharr
State
Texas
ZIP Code
78577-7500
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Transportation and Warehousing (484121)
Business Age
Existing or more than 2 years old
Jobs Reported
164
Estimated Revenue
$33.0M
Rural/Urban
Urban
Congressional District
TX-15

Loan Use Breakdown

Payroll
$1,500,000
Rent
$274,500
Utilities
$300,000

Lender Information

Servicing Lender
International Bank of Commerce
Originating Lender
International Bank of Commerce

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