PPP Loan information for Monroe institute

$198,538

Monroe institute was initially approved for PPP Loan of amount $198,538, the current approved amount is $198,538. The loan was approved on 02/05/2021 by The First National Bank reported 25 jobs and $198,538 was used to fund payroll.

Monroe institute is Existing or more than 2 years old

PPP Loan Search / VA / Faber / Monroe institute

MONROE INSTITUTE

Date Approved

02/05/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

MONROE INSTITUTE

Borrower Address

365 Roberts Mountain Rd

Borrower City

Faber

Borrower State

VA

Borrower Zip

22938-2318

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

198537.50

Current Approval Amount

198537.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Faber

Project County Name

NELSON

Project State

VA

Project Zip

22938-2318

CD

VA-05

Jobs Reported

25

NAICS Code

611710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

198537.50

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

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

199265.47

Forgiveness Date

06/24/2021

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