PPP Loan information for New hope educational institute inc.

$261,499

New hope educational institute inc. was initially approved for PPP Loan of amount $261,499, the current approved amount is $261,499. The loan was approved on 03/13/2021 by The Truist Bank reported 31 jobs and $261,499 was used to fund payroll.

New hope educational institute inc. is Existing or more than 2 years old

PPP Loan Search / MD / Landover Hills / New hope educational institute inc.

NEW HOPE EDUCATIONAL INSTITUTE INC.

Date Approved

03/13/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

NEW HOPE EDUCATIONAL INSTITUTE INC.

Borrower Address

7009 Varnum St

Borrower City

Landover Hills

Borrower State

MD

Borrower Zip

20784-2109

Loan Status Date

11/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

261499.00

Current Approval Amount

261499.00

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Landover Hills

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20784-2109

CD

MD-04

Jobs Reported

31

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

261499.00

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

265457.80

Forgiveness Date

10/18/2022

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