R&s Systems INC

$162,900 PPP Loan in Stillwater, Minnesota

Loan Details

Loan Number
5580637004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$162,900
Current Approval
$162,900
Forgiveness Amount
$164,162
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
R&s Systems INC
Address
1725 Market Dr
ZIP Code
55082-7574
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Franchise
Culver's Butterburgers & Frozen Custard
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$8.3M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$127,062
Rent
$30,951
Utilities
$4,887

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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