PPP Loan Map

PPP borrower record

RAEL AUTOMATIC SPRINKLER CO., INC. PPP loan record

Public SBA PPP loan record for RAEL AUTOMATIC SPRINKLER CO., INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

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$10,000,000
Approved amount
$10,113,151
Forgiven amount
2020-04-15
Date approved

Borrower and loan details

Borrower
RAEL AUTOMATIC SPRINKLER CO., INC.
Loan number
9734967109
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
New Hyde Park
Borrower state
New York
Borrower ZIP
11040
Jobs reported
321
Loan status
Exemption 4
Forgiveness date
2021-06-11
Servicing lender
Manufacturers and Traders Trust Company
Originating lender
Manufacturers and Traders Trust Company

Reported use of proceeds

Payroll
$7,264,698
Rent
$0
Utilities
$5,000
Mortgage interest
$65,000
Health care
$2,665,302
Debt interest
$0

Location pages

PPP loans in New YorkPPP loans in ZIP 11040

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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.