PPP Loan information for Socrates academy, inc.

$712,800

Socrates academy, inc. was initially approved for PPP Loan of amount $712,800, the current approved amount is $712,800. The loan was approved on 05/18/2020 by The First Bank reported 90 jobs and $712,800 was used to fund payroll.

Socrates academy, inc. is Existing or more than 2 years old

PPP Loan Search / NC / MATTHEWS / Socrates academy, inc.

SOCRATES ACADEMY, INC.

Date Approved

05/18/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SOCRATES ACADEMY, INC.

Borrower Address

3909 WEDDINGTON RD

Borrower City

MATTHEWS

Borrower State

NC

Borrower Zip

28105-6673

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

712800.00

Current Approval Amount

712800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51812

Servicing Lender Name

First Bank

Servicing Lender Address

205 SE Broad St

Servicing Lender City

SOUTHERN PINES

Servicing Lender State

NC

Servicing Lender Zip

28387-6106

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MATTHEWS

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28105-6673

CD

NC-14

Jobs Reported

90

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

35640.00

Payroll Proceed

534600.00

Mortgage Interest Proceed

0.00

Rent Proceed

142560.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

51812

Originating Lender

First Bank

Originating Lender City

SOUTHERN PINES

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

716295.65

Forgiveness Date

11/17/2020

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