PPP Loan information for Ncabl land loss prevention project

$112,700

Ncabl land loss prevention project was initially approved for PPP Loan of amount $112,700, the current approved amount is $112,700. The loan was approved on 05/29/2021 by The Mechanics & Farmers Bank reported 7 jobs and $112,700 was used to fund payroll.

Ncabl land loss prevention project is Existing or more than 2 years old

PPP Loan Search / NC / Durham / Ncabl land loss prevention project

NCABL LAND LOSS PREVENTION PROJECT

Date Approved

05/29/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

NCABL LAND LOSS PREVENTION PROJECT

Borrower Address

401 N Magnum Street

Borrower City

Durham

Borrower State

NC

Borrower Zip

27701

Loan Status Date

03/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

112700.00

Current Approval Amount

112700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50708

Servicing Lender Name

Mechanics & Farmers Bank

Servicing Lender Address

2634 Durham-Chapel Hill Blvd

Servicing Lender City

DURHAM

Servicing Lender State

NC

Servicing Lender Zip

27707-2800

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Durham

Project County Name

DURHAM

Project State

NC

Project Zip

27701

CD

NC-04

Jobs Reported

7

NAICS Code

541110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

112700.00

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

Non-Profit Organization

Originating Lender Location Id

50708

Originating Lender

Mechanics & Farmers Bank

Originating Lender City

DURHAM

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

113456.48

Forgiveness Date

02/08/2022

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