PPP Loan information for The arc of southwest alabama

$167,792

The arc of southwest alabama was initially approved for PPP Loan of amount $167,792, the current approved amount is $167,792. The loan was approved on 04/10/2020 by The The First Bank reported 30 jobs and $167,792 was used to fund payroll.

The arc of southwest alabama is Existing or more than 2 years old

PPP Loan Search / AL / CHATOM / The arc of southwest alabama

THE ARC OF SOUTHWEST ALABAMA

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

THE ARC OF SOUTHWEST ALABAMA

Borrower Address

234 HEARN DR

Borrower City

CHATOM

Borrower State

AL

Borrower Zip

36518-7500

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

167791.61

Current Approval Amount

167791.61

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

120708

Servicing Lender Name

The First Bank

Servicing Lender Address

6480 Hwy 98, West

Servicing Lender City

HATTIESBURG

Servicing Lender State

MS

Servicing Lender Zip

39402

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHATOM

Project County Name

WASHINGTON

Project State

AL

Project Zip

36518-7500

CD

AL-01

Jobs Reported

30

NAICS Code

611710

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

149509.05

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

18282.56

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

120708

Originating Lender

The First Bank

Originating Lender City

HATTIESBURG

Originating Lender State

MS

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

169982.22

Forgiveness Date

08/04/2021

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