PPP Loan information for Lees mcrae college inc

$1,751,400

Lees mcrae college inc was initially approved for PPP Loan of amount $1,751,400, the current approved amount is $1,751,400. The loan was approved on 04/09/2020 by The Truist Bank reported 223 jobs and $1,751,400 was used to fund payroll.

Lees mcrae college inc is Existing or more than 2 years old

PPP Loan Search / NC / BANNER ELK / Lees mcrae college inc

LEES MCRAE COLLEGE INC

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LEES MCRAE COLLEGE INC

Borrower Address

191 Main ST

Borrower City

BANNER ELK

Borrower State

NC

Borrower Zip

28604-6967

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1751400.00

Current Approval Amount

1751400.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BANNER ELK

Project County Name

AVERY

Project State

NC

Project Zip

28604-6967

CD

NC-05

Jobs Reported

223

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1751400.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1766530.15

Forgiveness Date

03/02/2021

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