Rasco Industries, Inc.

$237,600 PPP Loan in Mound, Minnesota

Loan Details

Loan Number
4676707001
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$237,600
Current Approval
$237,600
Forgiveness Amount
$238,921
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Rasco Industries, Inc.
Address
5310 Shoreline Dr
City
Mound
ZIP Code
55364-1630
Business Type
Corporation
Industry (NAICS)
Manufacturing (332321)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$5.9M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$197,230
Rent
$40,370

Lender Information

Servicing Lender
Security Bank & Trust Company
Originating Lender
Security Bank and Trust Company

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