PPP Loan information for The new school inc.

$332,942

The new school inc. was initially approved for PPP Loan of amount $332,942, the current approved amount is $332,942. The loan was approved on 04/10/2021 by The First Federal Bank reported 45 jobs and $332,942 was used to fund payroll.

The new school inc. is Existing or more than 2 years old

PPP Loan Search / NC / Holly Springs / The new school inc.

THE NEW SCHOOL INC.

Date Approved

04/10/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

THE NEW SCHOOL INC.

Borrower Address

5617 Sunset Lake Rd

Borrower City

Holly Springs

Borrower State

NC

Borrower Zip

27540-4348

Loan Status Date

04/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

332942.00

Current Approval Amount

332942.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88615

Servicing Lender Name

First Federal Bank

Servicing Lender Address

200 E Divine St

Servicing Lender City

DUNN

Servicing Lender State

NC

Servicing Lender Zip

28334-5306

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Holly Springs

Project County Name

WAKE

Project State

NC

Project Zip

27540-4348

CD

NC-13

Jobs Reported

45

NAICS Code

624410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

332942.00

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

Corporation

Originating Lender Location Id

88615

Originating Lender

First Federal Bank

Originating Lender City

DUNN

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

335919.98

Forgiveness Date

03/07/2022

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