Rapid Precision Manufact INC

$308,000 PPP Loan in Britton, South Dakota

Loan Details

Loan Number
6767797000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$308,000
Current Approval
$308,000
Forgiveness Amount
$309,737
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Rapid Precision Manufact INC
Address
911 1/2 S. Main
ZIP Code
57430-0156
Business Type
Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.6M
Rural/Urban
Rural
Congressional District
SD-

Loan Use Breakdown

Payroll
$231,000
Rent
$38,500
Utilities
$38,500

Lender Information

Servicing Lender
First Savings Bank
Originating Lender
First Savings Bank

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