PPP Loan information for The arc of the shoals

$615,253

The arc of the shoals was initially approved for PPP Loan of amount $615,253, the current approved amount is $615,253. The loan was approved on 04/13/2020 by The First Metro Bank reported 99 jobs and $615,253 was used to fund payroll.

The arc of the shoals is Existing or more than 2 years old

PPP Loan Search / AL / TUSCUMBIA / The arc of the shoals

THE ARC OF THE SHOALS

Date Approved

04/13/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

THE ARC OF THE SHOALS

Borrower Address

100 W. LAMAR AVE

Borrower City

TUSCUMBIA

Borrower State

AL

Borrower Zip

35674-3139

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

615253.00

Current Approval Amount

615253.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112619

Servicing Lender Name

First Metro Bank

Servicing Lender Address

406 W Avalon Ave

Servicing Lender City

MUSCLE SHOALS

Servicing Lender State

AL

Servicing Lender Zip

35661-2808

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TUSCUMBIA

Project County Name

COLBERT

Project State

AL

Project Zip

35674-3139

CD

AL-04

Jobs Reported

99

NAICS Code

561311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

61525.30

Payroll Proceed

461439.75

Mortgage Interest Proceed

92287.95

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

112619

Originating Lender

First Metro Bank

Originating Lender City

MUSCLE SHOALS

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

618653.98

Forgiveness Date

11/03/2020

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