Rite Track Equipment Services, Inc.

$650,000 PPP Loan in West Chester, Ohio

Loan Details

Loan Number
8967507009
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$650,000
Current Approval
$650,000
Forgiveness Amount
$655,022
Forgiveness Date
Feb 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rite Track Equipment Services, Inc.
Address
8655 Rite Track Way
State
Ohio
ZIP Code
45069-7064
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333242)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$11.0M
Rural/Urban
Urban
Congressional District
OH-08

Loan Use Breakdown

Payroll
$520,000
Rent
$52,000
Utilities
$23,000
Health Care
$27,000
Debt Interest
$28,000

Lender Information

Servicing Lender
The Park National Bank
Originating Lender
The Park National Bank

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