PPP Loan information for The arc of vermilion, inc

$70,400

The arc of vermilion, inc was initially approved for PPP Loan of amount $70,400, the current approved amount is $70,400. The loan was approved on 04/06/2020 by The Bank of Erath reported 12 jobs and $70,400 was used to fund payroll.

The arc of vermilion, inc is Existing or more than 2 years old

PPP Loan Search / LA / ERATH / The arc of vermilion, inc

THE ARC OF VERMILION, INC

Date Approved

04/06/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

THE ARC OF VERMILION, INC

Borrower Address

809 S Severin St

Borrower City

ERATH

Borrower State

LA

Borrower Zip

70533-4147

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70400.00

Current Approval Amount

70400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

28227

Servicing Lender Name

Bank of Erath

Servicing Lender Address

105 W Edwards St

Servicing Lender City

ERATH

Servicing Lender State

LA

Servicing Lender Zip

70533-4027

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ERATH

Project County Name

VERMILION

Project State

LA

Project Zip

70533-4147

CD

LA-03

Jobs Reported

12

NAICS Code

624120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

56366.00

Mortgage Interest Proceed

1950.00

Rent Proceed

12084.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

28227

Originating Lender

Bank of Erath

Originating Lender City

ERATH

Originating Lender State

LA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

70820.44

Forgiveness Date

11/17/2020

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