Rachee Lodging Inc.

$182,000 PPP Loan in Alpena, Michigan

Loan Details

Loan Number
3560508708
Date Approved
Mar 31, 2021
Loan Status
Paid in Full
Initial Approval
$182,000
Current Approval
$182,000
Forgiveness Amount
$184,417
Forgiveness Date
Aug 4, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Rachee Lodging Inc.
Address
1000 US Highway 23 N
City
Alpena
ZIP Code
49707-1250
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Ramada by Wyndham
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$10.9M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$181,994
Utilities
$1

Lender Information

Servicing Lender
Fifth Third Bank
Originating Lender
Fifth Third Bank

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