Racks INC

$61,900 PPP Loan in Big Lake, Minnesota

Loan Details

Loan Number
9525878302
Date Approved
Jan 30, 2021
Loan Status
Paid in Full
Initial Approval
$61,900
Current Approval
$61,900
Forgiveness Amount
$62,273
Forgiveness Date
Sep 13, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Racks INC
Address
16792 198th Ave NW
ZIP Code
55309-4864
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$61,898
Utilities
$1

Lender Information

Servicing Lender
Falcon National Bank
Originating Lender
Falcon National Bank

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