Rapid-Line Esop Trust

$1,365,534 PPP Loan in Wyoming, Michigan

Loan Details

Loan Number
7472788306
Date Approved
Jan 28, 2021
Loan Status
Paid in Full
Initial Approval
$1,365,534
Current Approval
$1,365,534
Forgiveness Amount
$1,382,338
Forgiveness Date
Apr 21, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Rapid-Line Esop Trust
Address
1475 Gezon Pkwy SW
ZIP Code
49509-9388
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332322)
Business Age
Existing or more than 2 years old
Jobs Reported
81
Estimated Revenue
$19.8M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$1,365,533

Lender Information

Servicing Lender
Union Bank
Originating Lender
Union Bank

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