PPP Loan information for New way academy

$963,700

New way academy was initially approved for PPP Loan of amount $963,700, the current approved amount is $963,700. The loan was approved on 05/12/2020 by The TrustBank reported 87 jobs and $963,700 was used to fund payroll.

New way academy is Existing or more than 2 years old

PPP Loan Search / AZ / PHOENIX / New way academy

NEW WAY ACADEMY

Date Approved

05/12/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

NEW WAY ACADEMY

Borrower Address

5048 E OAK ST

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85008-2522

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

963700.00

Current Approval Amount

963700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22221

Servicing Lender Name

TrustBank

Servicing Lender Address

600 E Main St

Servicing Lender City

OLNEY

Servicing Lender State

IL

Servicing Lender Zip

62450-2164

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85008-2522

CD

AZ-01

Jobs Reported

87

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

722800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

240900.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

22221

Originating Lender

TrustBank

Originating Lender City

OLNEY

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

972993.76

Forgiveness Date

05/06/2021

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