PPP Loan information for Cabarrus arts council inc.

$83,111

Cabarrus arts council inc. was initially approved for PPP Loan of amount $83,111, the current approved amount is $83,111. The loan was approved on 02/05/2021 by The Farmers & Merchants Bank reported 8 jobs and $83,111 was used to fund payroll.

Cabarrus arts council inc. is Existing or more than 2 years old

PPP Loan Search / NC / Concord / Cabarrus arts council inc.

CABARRUS ARTS COUNCIL INC.

Date Approved

02/05/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

CABARRUS ARTS COUNCIL INC.

Borrower Address

65 Union St S

Borrower City

Concord

Borrower State

NC

Borrower Zip

28025-5013

Loan Status Date

05/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

83110.90

Current Approval Amount

83110.90

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50827

Servicing Lender Name

Farmers & Merchants Bank

Servicing Lender Address

138 N Salisbury Ave

Servicing Lender City

GRANITE QUARRY

Servicing Lender State

NC

Servicing Lender Zip

28146

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Concord

Project County Name

CABARRUS

Project State

NC

Project Zip

28025-5013

CD

NC-12

Jobs Reported

8

NAICS Code

711320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

83110.90

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

Non-Profit Organization

Originating Lender Location Id

50827

Originating Lender

Farmers & Merchants Bank

Originating Lender City

GRANITE QUARRY

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

84112.85

Forgiveness Date

04/26/2022

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