PPP Loan information for Time inc

$118,500

Time inc was initially approved for PPP Loan of amount $118,500, the current approved amount is $118,500. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 21 jobs and $118,500 was used to fund payroll.

Time inc is Existing or more than 2 years old

PPP Loan Search / MD / OCEAN CITY / Time inc

TIME INC

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

TIME INC

Borrower Address

PO Box 572

Borrower City

OCEAN CITY

Borrower State

MD

Borrower Zip

21843

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

118500.00

Current Approval Amount

118500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OCEAN CITY

Project County Name

WORCESTER

Project State

MD

Project Zip

21843-0001

CD

MD-01

Jobs Reported

21

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

118500.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

119375.58

Forgiveness Date

01/07/2021

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