PPP Loan information for Miles college

$2,500,000

Miles college was initially approved for PPP Loan of amount $2,500,000, the current approved amount is $2,500,000. The loan was approved on 04/16/2020 by The Regions Bank reported 300 jobs and $2,500,000 was used to fund payroll.

Miles college is Existing or more than 2 years old

MILES COLLEGE

Date Approved

04/16/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MILES COLLEGE

Borrower Address

5500 Myron Massey Blvd,

Borrower City

Fairfield

Borrower State

AL

Borrower Zip

35064-2621

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2500000.00

Current Approval Amount

2500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Fairfield

Project County Name

JEFFERSON

Project State

AL

Project Zip

35064-2621

CD

AL-07

Jobs Reported

300

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2500000.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2538630.14

Forgiveness Date

11/15/2021

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