Rapid Pellet Inc.

$785,250 PPP Loan in Jermyn, Pennsylvania

Loan Details

Loan Number
4077457301
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$785,250
Current Approval
$785,250
Forgiveness Amount
$790,714
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rapid Pellet Inc.
Address
P.o. Box 123, 100 Bonnie Drive
City
Jermyn
ZIP Code
18433
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (321920)
Business Age
Existing or more than 2 years old
Jobs Reported
84
Estimated Revenue
$83.3M
Rural/Urban
Urban
Congressional District
PA-08

Loan Use Breakdown

Payroll
$785,250

Lender Information

Servicing Lender
Community Bank, National Association
Originating Lender
Community Bank, National Association

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