PPP Loan information for Salem academy and college

$2,251,652

Salem academy and college was initially approved for PPP Loan of amount $2,251,652, the current approved amount is $2,251,652. The loan was approved on 04/28/2020 by The Triad Business Bank reported 345 jobs and $2,251,652 was used to fund payroll.

Salem academy and college is Existing or more than 2 years old

PPP Loan Search / NC / WINSTON SALEM / Salem academy and college

SALEM ACADEMY AND COLLEGE

Date Approved

04/28/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SALEM ACADEMY AND COLLEGE

Borrower Address

601 S CHURCH ST

Borrower City

WINSTON SALEM

Borrower State

NC

Borrower Zip

27101-5318

Loan Status Date

08/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2251652.00

Current Approval Amount

2251652.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

528466

Servicing Lender Name

Triad Business Bank

Servicing Lender Address

1501 Highwoods Blvd, Ste 103

Servicing Lender City

GREENSBORO

Servicing Lender State

NC

Servicing Lender Zip

27410-2051

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WINSTON SALEM

Project County Name

FORSYTH

Project State

NC

Project Zip

27101-5318

CD

NC-05

Jobs Reported

345

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2251652.00

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

528466

Originating Lender

Triad Business Bank

Originating Lender City

GREENSBORO

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2279234.74

Forgiveness Date

07/23/2021

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