PPP Loan information for Restoration academy

$505,615

Restoration academy was initially approved for PPP Loan of amount $505,615, the current approved amount is $505,615. The loan was approved on 02/14/2021 by The Regions Bank reported 62 jobs and $505,615 was used to fund payroll.

Restoration academy is Existing or more than 2 years old

PPP Loan Search / AL / Fairfield / Restoration academy

RESTORATION ACADEMY

Date Approved

02/14/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

RESTORATION ACADEMY

Borrower Address

4600 Carnegie Ave

Borrower City

Fairfield

Borrower State

AL

Borrower Zip

35064-1430

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

505615.00

Current Approval Amount

505615.00

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

35064-1430

CD

AL-07

Jobs Reported

62

NAICS Code

611110

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

505615.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

509216.64

Forgiveness Date

11/15/2021

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