Rds Management, Inc.

$729,150 PPP Loan in Walled Lake, Michigan

Loan Details

Loan Number
3404217107
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$729,150
Current Approval
$729,150
Forgiveness Amount
$737,566
Forgiveness Date
Jun 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rds Management, Inc.
Address
1111 S Commerce Road 0.0
ZIP Code
48390-3007
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$14.1M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$583,320
Rent
$30,000
Utilities
$1,830
Health Care
$24,000
Debt Interest
$90,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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