PPP Loan information for The arc of north carolina inc

$2,695,000

The arc of north carolina inc was initially approved for PPP Loan of amount $2,695,000, the current approved amount is $2,695,000. The loan was approved on 04/07/2020 by The Truist Bank reported 500 jobs and $2,695,000 was used to fund payroll.

The arc of north carolina inc is Existing or more than 2 years old

PPP Loan Search / NC / RALEIGH / The arc of north carolina inc

THE ARC OF NORTH CAROLINA INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

THE ARC OF NORTH CAROLINA INC

Borrower Address

353 E SIX FORKS RD

Borrower City

RALEIGH

Borrower State

NC

Borrower Zip

27609-7827

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2695000.00

Current Approval Amount

2695000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RALEIGH

Project County Name

WAKE

Project State

NC

Project Zip

27609-7827

CD

NC-02

Jobs Reported

500

NAICS Code

813311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2695000.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2726741.11

Forgiveness Date

06/28/2021

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