PPP Loan Map

PPP borrower record

RAPIDS PROCESS EQUIPMENT INC PPP loan record

Public SBA PPP loan record for RAPIDS PROCESS EQUIPMENT INC. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

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$59,400
Approved amount
$54,675
Forgiven amount
2020-04-10
Date approved

Borrower and loan details

Borrower
RAPIDS PROCESS EQUIPMENT INC
Loan number
1932997101
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Cohasset
Borrower state
Minnesota
Borrower ZIP
55721
Jobs reported
5
Loan status
Paid in Full
Forgiveness date
2020-10-15
Servicing lender
Woodland Bank
Originating lender
Woodland Bank

Reported use of proceeds

Payroll
$47,500
Rent
N/A
Utilities
$4,000
Mortgage interest
N/A
Health care
N/A
Debt interest
$7,900

Location pages

PPP loans in MinnesotaPPP loans in ZIP 55721

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Source note

PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.