PPP Loan information for The arc rapides inc.

$391,750

The arc rapides inc. was initially approved for PPP Loan of amount $391,750, the current approved amount is $391,750. The loan was approved on 02/04/2021 by The Red River Bank reported 80 jobs and $391,750 was used to fund payroll.

The arc rapides inc. is Existing or more than 2 years old

PPP Loan Search / LA / Alexandria / The arc rapides inc.

THE ARC RAPIDES INC.

Date Approved

02/04/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

THE ARC RAPIDES INC.

Borrower Address

1700 Ashley Ave

Borrower City

Alexandria

Borrower State

LA

Borrower Zip

71301-7343

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

391750.00

Current Approval Amount

391750.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123420

Servicing Lender Name

Red River Bank

Servicing Lender Address

1412 Centre Court Dr, Ste 101

Servicing Lender City

ALEXANDRIA

Servicing Lender State

LA

Servicing Lender Zip

71301-3441

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Alexandria

Project County Name

RAPIDES

Project State

LA

Project Zip

71301-7343

CD

LA-05

Jobs Reported

80

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

391749.00

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

123420

Originating Lender

Red River Bank

Originating Lender City

ALEXANDRIA

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

394263.73

Forgiveness Date

09/27/2021

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