PPP Loan information for Arctransit inc

$805,800

Arctransit inc was initially approved for PPP Loan of amount $805,800, the current approved amount is $805,800. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 56 jobs and $805,800 was used to fund payroll.

Arctransit inc is Existing or more than 2 years old

PPP Loan Search / NC / WILMINGTON / Arctransit inc

ARCTRANSIT INC

Date Approved

04/13/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ARCTRANSIT INC

Borrower Address

2715 ASHTON DR

Borrower City

WILMINGTON

Borrower State

NC

Borrower Zip

28412-2490

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

805800.00

Current Approval Amount

805800.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WILMINGTON

Project County Name

NEW HANOVER

Project State

NC

Project Zip

28412-2490

CD

NC-07

Jobs Reported

56

NAICS Code

488490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

805800.00

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

800641.12

Forgiveness Date

11/20/2020

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