PPP Loan information for The academy of model aeronautics inc

$521,533

The academy of model aeronautics inc was initially approved for PPP Loan of amount $521,533, the current approved amount is $521,533. The loan was approved on 01/27/2021 by The Northwest Bank reported 57 jobs and $521,533 was used to fund payroll.

The academy of model aeronautics inc is Existing or more than 2 years old

PPP Loan Search / IN / Muncie / The academy of model aeronautics inc

THE ACADEMY OF MODEL AERONAUTICS INC

Date Approved

01/27/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

THE ACADEMY OF MODEL AERONAUTICS INC

Borrower Address

5161 E Memorial Dr

Borrower City

Muncie

Borrower State

IN

Borrower Zip

47302-9050

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

521533.15

Current Approval Amount

521533.15

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

Existing or more than 2 years old

Project City

Muncie

Project County Name

DELAWARE

Project State

IN

Project Zip

47302-9050

CD

IN-05

Jobs Reported

57

NAICS Code

813410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

521533.15

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

78723

Originating Lender

Northwest Bank

Originating Lender City

WARREN

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

523476.40

Forgiveness Date

06/15/2021

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