Rainbow Tool and Machine Company Inc.

$400,829 PPP Loan in Rainbow City, Alabama

Loan Details

Loan Number
6584998310
Date Approved
Jan 27, 2021
Loan Status
Paid in Full
Initial Approval
$400,829
Current Approval
$400,829
Forgiveness Amount
$404,738
Forgiveness Date
Jan 28, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Rainbow Tool and Machine Company Inc.
Address
107 Chelsea Ln
State
Alabama
ZIP Code
35906-3745
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.1M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$400,828
Utilities
$1

Lender Information

Servicing Lender
Emblem Credit Union
Originating Lender
Emblem Credit Union

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