PPP Loan information for Shaw university

$2,000,000

Shaw university was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/26/2021 by The Mechanics & Farmers Bank reported 233 jobs and $2,000,000 was used to fund payroll.

Shaw university is Existing or more than 2 years old

PPP Loan Search / NC / Raleigh / Shaw university

SHAW UNIVERSITY

Date Approved

03/26/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

SHAW UNIVERSITY

Borrower Address

118 E South St

Borrower City

Raleigh

Borrower State

NC

Borrower Zip

27601-2341

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Raleigh

Project County Name

WAKE

Project State

NC

Project Zip

27601-2341

CD

NC-13

Jobs Reported

233

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

2016109.59

Forgiveness Date

01/21/2022

;