PPP Loan information for The magical palace of knowledge academy corp

$275,000

The magical palace of knowledge academy corp was initially approved for PPP Loan of amount $275,000, the current approved amount is $275,000. The loan was approved on 04/27/2020 by The Blue Foundry Bank reported 29 jobs and $275,000 was used to fund payroll.

The magical palace of knowledge academy corp is New Business or 2 years or less

PPP Loan Search / NJ / Clifton / The magical palace of knowledge academy corp

THE MAGICAL PALACE OF KNOWLEDGE ACADEMY CORP

Date Approved

04/27/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

THE MAGICAL PALACE OF KNOWLEDGE ACADEMY CORP

Borrower Address

775 Valley Road

Borrower City

Clifton

Borrower State

NJ

Borrower Zip

07013-2205

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

275000.00

Current Approval Amount

275000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

85732

Servicing Lender Name

Blue Foundry Bank

Servicing Lender Address

19 Park Avenue

Servicing Lender City

Rutherford

Servicing Lender State

NJ

Servicing Lender Zip

07070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Clifton

Project County Name

PASSAIC

Project State

NJ

Project Zip

07013-2205

CD

NJ-09

Jobs Reported

29

NAICS Code

624410

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

275000.00

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

Subchapter S Corporation

Originating Lender Location Id

85732

Originating Lender

Blue Foundry Bank

Originating Lender City

Rutherford

Originating Lender State

NJ

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

277375.69

Forgiveness Date

03/18/2021

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