PPP Loan information for Promise schools

$1,169,000

Promise schools was initially approved for PPP Loan of amount $1,169,000, the current approved amount is $1,169,000. The loan was approved on 04/27/2020 by The CRF Small Business Loan Company, LLC reported 97 jobs and $1,169,000 was used to fund payroll.

Promise schools is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Promise schools

PROMISE SCHOOLS

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PROMISE SCHOOLS

Borrower Address

15000 Trojan St

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48235-1680

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1169000.00

Current Approval Amount

1169000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

484528

Servicing Lender Name

CRF Small Business Loan Company, LLC

Servicing Lender Address

801 Nicollet Mall Suite 1700 West

Servicing Lender City

MINNEAPOLIS

Servicing Lender State

MN

Servicing Lender Zip

55402

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48235-1680

CD

MI-12

Jobs Reported

97

NAICS Code

611710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1169000.00

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

Non-Profit Organization

Originating Lender Location Id

484528

Originating Lender

CRF Small Business Loan Company, LLC

Originating Lender City

MINNEAPOLIS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1177102.93

Forgiveness Date

01/19/2021

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