Rainbow City Auto Acquisitions
$596,182 PPP Loan in Rainbow City, Alabama
Loan Details
- Loan Number
- 9705227002
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $596,182
- Current Approval
- $596,182
- Forgiveness Amount
- $600,984
- Forgiveness Date
- Feb 3, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rainbow City Auto Acquisitions
- Address
- 937 W Grand Avenue
- City
- Rainbow City
- State
- Alabama
- ZIP Code
- 35906-8944
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441120)
- Franchise
- Toyota Motors Sales, U.s.a., Inc. - Dealer Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 61
- Estimated Revenue
- $15.4M
- Rural/Urban
- Rural
- Congressional District
- AL-04
Loan Use Breakdown
- Payroll
- $535,000
- Rent
- $35,000
- Utilities
- $26,182
Lender Information
- Servicing Lender
- First Bank of Boaz
- Originating Lender
- First Bank of Boaz
Other PPP Loans in Rainbow City, AL
| Business | Approved | |
|---|---|---|
| Zla Solutions, Inc. | $1,805,000 |  AI Deep Dive |
| Westbrook Christian School, Inc. | $460,260 | AI Deep Dive |
| Rainbow Tool and Machine Co., INC | $400,829 | AI Deep Dive |
| Rainbow Tool and Machine Company Inc. | $400,829 | AI Deep Dive |
| Gadsden Tool, Inc. | $382,300 | AI Deep Dive |
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