PPP Loan information for The salem academy and college

$2,000,000

The salem academy and college was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/25/2021 by The Triad Business Bank reported 225 jobs and $2,000,000 was used to fund payroll.

The salem academy and college is Existing or more than 2 years old

PPP Loan Search / NC / Winston Salem / The salem academy and college

THE SALEM ACADEMY AND COLLEGE

Date Approved

01/25/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

THE SALEM ACADEMY AND COLLEGE

Borrower Address

601 S Church St

Borrower City

Winston Salem

Borrower State

NC

Borrower Zip

27101-5318

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

528466

Servicing Lender Name

Triad Business Bank

Servicing Lender Address

1501 Highwoods Blvd, Ste 103

Servicing Lender City

GREENSBORO

Servicing Lender State

NC

Servicing Lender Zip

27410-2051

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Winston Salem

Project County Name

FORSYTH

Project State

NC

Project Zip

27101-5318

CD

NC-05

Jobs Reported

225

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

528466

Originating Lender

Triad Business Bank

Originating Lender City

GREENSBORO

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2024222.22

Forgiveness Date

04/18/2022

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