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Racks INC

$44,200 PPP Loan in Big Lake, Minnesota

Loan Details

Loan Number
5891567004
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$44,200
Current Approval
$44,200
Forgiveness Amount
$44,825
Forgiveness Date
Sep 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Racks INC
Address
16792 198th Ave
City
Big Lake
State
Minnesota
ZIP Code
55309-4864
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$44,200

Lender Information

Servicing Lender
Falcon National Bank
Originating Lender
Falcon National Bank

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