PPP Loan information for Benevolence industries incorporated

$2,380,463

Benevolence industries incorporated was initially approved for PPP Loan of amount $655,725, the current approved amount is $2,380,463. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 150 jobs and $2,380,463 was used to fund payroll.

Benevolence industries incorporated is New Business or 2 years or less

PPP Loan Search / CA / TORRANCE / Benevolence industries incorporated

BENEVOLENCE INDUSTRIES INCORPORATED

Date Approved

05/01/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

BENEVOLENCE INDUSTRIES INCORPORATED

Borrower Address

1010 CRENSHAW BLVD STE 100

Borrower City

TORRANCE

Borrower State

CA

Borrower Zip

90501-2055

Loan Status Date

09/20/2022

Loan Status

Charged Off

Term

27

SBA Guaranty Percentage

100

Initial Approval Amount

655725.00

Current Approval Amount

2380463.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

TORRANCE

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90501-2055

CD

CA-43

Jobs Reported

150

NAICS Code

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2380463.00

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

Professional Association

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1116839.86

Forgiveness Date

01/26/2022

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