PPP Loan information for The institute of music for children

$140,515

The institute of music for children was initially approved for PPP Loan of amount $140,515, the current approved amount is $140,515. The loan was approved on 03/25/2021 by The Loan Source Incorporated reported 46 jobs and $140,515 was used to fund payroll.

The institute of music for children is Existing or more than 2 years old

PPP Loan Search / NJ / Elizabeth / The institute of music for children

THE INSTITUTE OF MUSIC FOR CHILDREN

Date Approved

03/25/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

THE INSTITUTE OF MUSIC FOR CHILDREN

Borrower Address

780 Salem Ave

Borrower City

Elizabeth

Borrower State

NJ

Borrower Zip

07208-2343

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

140515.00

Current Approval Amount

140515.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Elizabeth

Project County Name

UNION

Project State

NJ

Project Zip

07208-2343

CD

NJ-08

Jobs Reported

46

NAICS Code

813219

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

140512.00

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

Corporation

Originating Lender Location Id

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

141396.59

Forgiveness Date

11/16/2021

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