PPP Loan information for Sonic foundry, inc.

$2,314,815

Sonic foundry, inc. was initially approved for PPP Loan of amount $2,314,815, the current approved amount is $2,314,815. The loan was approved on 04/14/2020 by The First Business Bank reported 107 jobs and $2,314,815 was used to fund payroll.

Sonic foundry, inc. is Existing or more than 2 years old

PPP Loan Search / WI / MADISON / Sonic foundry, inc.

SONIC FOUNDRY, INC.

Date Approved

04/14/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

SONIC FOUNDRY, INC.

Borrower Address

222 West Washington Ave, Ste 100

Borrower City

MADISON

Borrower State

WI

Borrower Zip

53703

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2314815.00

Current Approval Amount

2314815.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76065

Servicing Lender Name

First Business Bank

Servicing Lender Address

401 Charmany Dr

Servicing Lender City

MADISON

Servicing Lender State

WI

Servicing Lender Zip

53719-1272

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

DANE

Project State

WI

Project Zip

53703-0900

CD

WI-02

Jobs Reported

107

NAICS Code

541519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2314815.00

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

Corporation

Originating Lender Location Id

76065

Originating Lender

First Business Bank

Originating Lender City

MADISON

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2341197.55

Forgiveness Date

06/11/2021

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