R.a.x.i. Development Corporation

$85,600 PPP Loan in Davison, Michigan

Loan Details

Loan Number
7897787207
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$85,600
Current Approval
$85,600
Forgiveness Amount
$86,582
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
R.a.x.i. Development Corporation
Address
10082 Lapeer Rd
ZIP Code
48423-8117
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (721110)
Franchise
Best Western - Membership Agreement
Business Age
Unanswered
Jobs Reported
22
Estimated Revenue
$6.9M
Rural/Urban
Urban
Congressional District
MI-08

Loan Use Breakdown

Payroll
$64,200
Utilities
$15,408
Mortgage Interest
$5,992

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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