PPP Loan information for Strategic technology institute inc

$4,979,870

Strategic technology institute inc was initially approved for PPP Loan of amount $526,517, the current approved amount is $4,979,870. The loan was approved on 05/03/2020 by The Bank of America, National Association reported 384 jobs and $4,979,870 was used to fund payroll.

Strategic technology institute inc is New Business or 2 years or less

STRATEGIC TECHNOLOGY INSTITUTE INC

Date Approved

05/03/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

STRATEGIC TECHNOLOGY INSTITUTE INC

Borrower Address

6000 EXECUTIVE BLVD STE 205

Borrower City

ROCKVILLE

Borrower State

MD

Borrower Zip

20852-3803

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

526517.00

Current Approval Amount

4979870.00

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

ROCKVILLE

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20852-3803

CD

MD-08

Jobs Reported

384

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4979870.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

5033488.87

Forgiveness Date

06/09/2021

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