PPP Loan information for American correctional association

$562,500

American correctional association was initially approved for PPP Loan of amount $562,500, the current approved amount is $562,500. The loan was approved on 04/30/2020 by The Sandy Spring Bank reported 35 jobs and $562,500 was used to fund payroll.

American correctional association is Existing or more than 2 years old

PPP Loan Search / VA / ALEXANDRIA / American correctional association

AMERICAN CORRECTIONAL ASSOCIATION

Date Approved

04/30/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

AMERICAN CORRECTIONAL ASSOCIATION

Borrower Address

206 N Washington Street Suite 200

Borrower City

ALEXANDRIA

Borrower State

VA

Borrower Zip

22314

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

562500.00

Current Approval Amount

562500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALEXANDRIA

Project County Name

ALEXANDRIA CITY

Project State

VA

Project Zip

22314-0001

CD

VA-08

Jobs Reported

35

NAICS Code

561920

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

562500.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

568448.63

Forgiveness Date

05/27/2021

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