PPP Loan information for The church initiative inc

$446,850

The church initiative inc was initially approved for PPP Loan of amount $446,850, the current approved amount is $446,850. The loan was approved on 02/06/2021 by The North State Bank reported 26 jobs and $446,850 was used to fund payroll.

The church initiative inc is Existing or more than 2 years old

PPP Loan Search / NC / Wake Forest / The church initiative inc

THE CHURCH INITIATIVE INC

Date Approved

02/06/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

THE CHURCH INITIATIVE INC

Borrower Address

250 S Allen Rd

Borrower City

Wake Forest

Borrower State

NC

Borrower Zip

27587-2608

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

446850.00

Current Approval Amount

446850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124643

Servicing Lender Name

North State Bank

Servicing Lender Address

6204 Falls of Neuse Rd

Servicing Lender City

RALEIGH

Servicing Lender State

NC

Servicing Lender Zip

27609-3506

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Wake Forest

Project County Name

WAKE

Project State

NC

Project Zip

27587-2608

CD

NC-02

Jobs Reported

26

NAICS Code

813110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

446846.00

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

124643

Originating Lender

North State Bank

Originating Lender City

RALEIGH

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Y

Forgiveness Amount

451991.84

Forgiveness Date

04/06/2022

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