PPP Loan information for Arete technologies, inc

$515,559

Arete technologies, inc was initially approved for PPP Loan of amount $515,559, the current approved amount is $515,559. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 70 jobs and $515,559 was used to fund payroll.

Arete technologies, inc is New Business or 2 years or less

PPP Loan Search / NC / CARY / Arete technologies, inc

ARETE TECHNOLOGIES, INC

Date Approved

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ARETE TECHNOLOGIES, INC

Borrower Address

647 PEACH ORCHARD PL

Borrower City

CARY

Borrower State

NC

Borrower Zip

27519-1893

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

515559.00

Current Approval Amount

515559.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CARY

Project County Name

WAKE

Project State

NC

Project Zip

27519-1893

CD

NC-02

Jobs Reported

70

NAICS Code

541611

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

515559.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

520206.09

Forgiveness Date

03/31/2021

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