PPP Loan information for Ares lc

$401,400

Ares lc was initially approved for PPP Loan of amount $2,328,156, the current approved amount is $401,400. The loan was approved on 04/14/2020 by The Truist Bank reported 80 jobs and $401,400 was used to fund payroll.

Ares lc is Existing or more than 2 years old

ARES LC

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ARES LC

Borrower Address

12378 MOSS HOLLOW RD

Borrower City

MARKHAM

Borrower State

VA

Borrower Zip

22643-1825

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2328156.00

Current Approval Amount

401400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARKHAM

Project County Name

FAUQUIER

Project State

VA

Project Zip

22643-1825

CD

VA-10

Jobs Reported

80

NAICS Code

551114

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

401400.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

405191.00

Forgiveness Date

03/31/2021

;