PPP Loan information for Magical palace of knowledge academy

$246,058

Magical palace of knowledge academy was initially approved for PPP Loan of amount $246,058, the current approved amount is $246,058. The loan was approved on 03/06/2021 by The Blue Foundry Bank reported 19 jobs and $246,058 was used to fund payroll.

Magical palace of knowledge academy is Existing or more than 2 years old

PPP Loan Search / NJ / Clifton / Magical palace of knowledge academy

MAGICAL PALACE OF KNOWLEDGE ACADEMY

Date Approved

03/06/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MAGICAL PALACE OF KNOWLEDGE ACADEMY

Borrower Address

775 Valley Rd

Borrower City

Clifton

Borrower State

NJ

Borrower Zip

07013-2205

Loan Status Date

01/26/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

246057.97

Current Approval Amount

246057.97

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

85732

Servicing Lender Name

Blue Foundry Bank

Servicing Lender Address

19 Park Avenue

Servicing Lender City

Rutherford

Servicing Lender State

NJ

Servicing Lender Zip

07070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Clifton

Project County Name

PASSAIC

Project State

NJ

Project Zip

07013-2205

CD

NJ-09

Jobs Reported

19

NAICS Code

624410

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

246051.97

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

85732

Originating Lender

Blue Foundry Bank

Originating Lender City

Rutherford

Originating Lender State

NJ

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

247923.91

Forgiveness Date

12/15/2021

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