PPP Loan information for Newark arts council

$106,675

Newark arts council was initially approved for PPP Loan of amount $106,675, the current approved amount is $106,675. The loan was approved on 01/21/2021 by The Manufacturers and Traders Trust Company reported 7 jobs and $106,675 was used to fund payroll.

Newark arts council is Existing or more than 2 years old

NEWARK ARTS COUNCIL

Date Approved

01/21/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

NEWARK ARTS COUNCIL

Borrower Address

17 Academy St Ste 702

Borrower City

Newark

Borrower State

NJ

Borrower Zip

07102-2930

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

106675.00

Current Approval Amount

106675.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

ESSEX

Project State

NJ

Project Zip

07102-2930

CD

NJ-10

Jobs Reported

7

NAICS Code

926110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

106672.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

107481.64

Forgiveness Date

11/01/2021

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