Rachels Machine and Fabrication, Inc.

$122,000 PPP Loan in Wadley, Georgia

Loan Details

Loan Number
6574317000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$122,000
Current Approval
$122,000
Forgiveness Amount
$122,868
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Rachels Machine and Fabrication, Inc.
Address
170 East Railroad St.
City
Wadley
State
Georgia
ZIP Code
30477
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
GA-12

Loan Use Breakdown

Payroll
$97,600
Utilities
$24,400

Lender Information

Servicing Lender
Queensborough National Bank and Trust Company
Originating Lender
Queensborough National Bank and Trust Company

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