PPP Loan information for Ferrum college

$2,892,500

Ferrum college was initially approved for PPP Loan of amount $2,892,500, the current approved amount is $2,892,500. The loan was approved on 05/06/2020 by The The First Bank and Trust Company reported 313 jobs and $2,892,500 was used to fund payroll.

Ferrum college is Existing or more than 2 years old

PPP Loan Search / VA / FERRUM / Ferrum college

FERRUM COLLEGE

Date Approved

05/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FERRUM COLLEGE

Borrower Address

215 Ferrum Mountain Rd

Borrower City

FERRUM

Borrower State

VA

Borrower Zip

24088-2611

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2892500.00

Current Approval Amount

2892500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73510

Servicing Lender Name

The First Bank and Trust Company

Servicing Lender Address

359 W Main St

Servicing Lender City

LEBANON

Servicing Lender State

VA

Servicing Lender Zip

24266

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FERRUM

Project County Name

FRANKLIN

Project State

VA

Project Zip

24088-2611

CD

VA-09

Jobs Reported

313

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2892500.00

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

Non-Profit Organization

Originating Lender Location Id

73510

Originating Lender

The First Bank and Trust Company

Originating Lender City

LEBANON

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2923996.11

Forgiveness Date

06/22/2021

;