Rite Logistics, LLC

$500,000 PPP Loan in Laredo, Texas

Loan Details

Loan Number
3301267108
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$505,556
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rite Logistics, LLC
Address
19810 Mines Rd
City
Laredo
State
Texas
ZIP Code
78045-5025
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Management of Companies and Enterprises (551112)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
TX-28

Loan Use Breakdown

Payroll
$458,510
Rent
$8,850
Utilities
$2,470
Health Care
$30,170

Lender Information

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

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