PPP Loan information for The monroe institute

$212,948

The monroe institute was initially approved for PPP Loan of amount $212,948, the current approved amount is $212,948. The loan was approved on 04/27/2020 by The First National Bank reported 28 jobs and $212,948 was used to fund payroll.

The monroe institute is Existing or more than 2 years old

THE MONROE INSTITUTE

Date Approved

04/27/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

THE MONROE INSTITUTE

Borrower Address

365 Roberts Mountain Road

Borrower City

FABER

Borrower State

VA

Borrower Zip

22938

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212947.50

Current Approval Amount

212947.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FABER

Project County Name

NELSON

Project State

VA

Project Zip

22938-0001

CD

VA-05

Jobs Reported

28

NAICS Code

541720

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3200.00

Payroll Proceed

209747.50

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

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

214059.56

Forgiveness Date

11/03/2020

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