Rak Industries INC

$322,556 PPP Loan in New Brunswick, New Jersey

Loan Details

Loan Number
7234217700
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$322,556
Current Approval
$322,556
Forgiveness Amount
$325,684
Forgiveness Date
Apr 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rak Industries INC
Address
625 Jersey Ave
ZIP Code
08901
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423840)
Business Age
New Business or 2 years or less
Jobs Reported
20
Estimated Revenue
$6.1M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$322,556

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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