PPP Loan information for Academy center of the arts inc

$247,323

Academy center of the arts inc was initially approved for PPP Loan of amount $247,323, the current approved amount is $247,323. The loan was approved on 02/06/2021 by The First National Bank reported 37 jobs and $247,323 was used to fund payroll.

Academy center of the arts inc is Existing or more than 2 years old

PPP Loan Search / VA / Lynchburg / Academy center of the arts inc

ACADEMY CENTER OF THE ARTS INC

Date Approved

02/06/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

ACADEMY CENTER OF THE ARTS INC

Borrower Address

600 Main St

Borrower City

Lynchburg

Borrower State

VA

Borrower Zip

24504-1322

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

247322.50

Current Approval Amount

247322.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lynchburg

Project County Name

LYNCHBURG CITY

Project State

VA

Project Zip

24504-1322

CD

VA-05

Jobs Reported

37

NAICS Code

611610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

247322.50

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

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

248476.67

Forgiveness Date

07/28/2021

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