PPP Loan information for The academy of model aeronautics, inc.

$643,800

The academy of model aeronautics, inc. was initially approved for PPP Loan of amount $643,800, the current approved amount is $643,800. The loan was approved on 04/10/2020 by The Northwest Bank reported 50 jobs and $643,800 was used to fund payroll.

The academy of model aeronautics, inc. is New Business or 2 years or less

PPP Loan Search / IN / MUNCIE / The academy of model aeronautics, inc.

THE ACADEMY OF MODEL AERONAUTICS, INC.

Date Approved

04/10/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

THE ACADEMY OF MODEL AERONAUTICS, INC.

Borrower Address

5161 MEMORIAL DR

Borrower City

MUNCIE

Borrower State

IN

Borrower Zip

47302-9050

Loan Status Date

02/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

643800.00

Current Approval Amount

643800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78723

Servicing Lender Name

Northwest Bank

Servicing Lender Address

Liberty & Second St

Servicing Lender City

WARREN

Servicing Lender State

PA

Servicing Lender Zip

16365

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MUNCIE

Project County Name

DELAWARE

Project State

IN

Project Zip

47302-9050

CD

IN-05

Jobs Reported

50

NAICS Code

711310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

64382.99

Payroll Proceed

510131.85

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

69285.16

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

78723

Originating Lender

Northwest Bank

Originating Lender City

WARREN

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

637429.16

Forgiveness Date

11/12/2020

;