PPP Loan information for The arc of the central chesapeake region, inc.

$2,469,300

The arc of the central chesapeake region, inc. was initially approved for PPP Loan of amount $2,469,300, the current approved amount is $2,469,300. The loan was approved on 04/06/2020 by The Shore United Bank, National Association reported 271 jobs and $2,469,300 was used to fund payroll.

The arc of the central chesapeake region, inc. is Existing or more than 2 years old

PPP Loan Search / MD / SEVERN / The arc of the central chesapeake region, inc.

THE ARC OF THE CENTRAL CHESAPEAKE REGION, INC.

Date Approved

04/06/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

THE ARC OF THE CENTRAL CHESAPEAKE REGION, INC.

Borrower Address

1332 DONALD AVE

Borrower City

SEVERN

Borrower State

MD

Borrower Zip

21144-2630

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2469300.00

Current Approval Amount

2469300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30493

Servicing Lender Name

Shore United Bank, National Association

Servicing Lender Address

18 E Dover St

Servicing Lender City

EASTON

Servicing Lender State

MD

Servicing Lender Zip

21601-3013

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SEVERN

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21144-2630

CD

MD-03

Jobs Reported

271

NAICS Code

624120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2469300.00

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

30493

Originating Lender

Shore United Bank, National Association

Originating Lender City

EASTON

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2497104.99

Forgiveness Date

06/02/2021

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