Ferrum College

$2,892,500 PPP Loan in Ferrum, Virginia

Loan Details

Loan Number
2722927403
Date Approved
May 6, 2020
Loan Status
Paid in Full
Initial Approval
$2,892,500
Current Approval
$2,892,500
Forgiveness Amount
$2,923,996
Forgiveness Date
Jun 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ferrum College
Address
215 Ferrum Mountain Rd
City
Ferrum
ZIP Code
24088-2611
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611310)
Business Age
Existing or more than 2 years old
Jobs Reported
313
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
VA-09

Loan Use Breakdown

Payroll
$2,892,500

Lender Information

Servicing Lender
The First Bank and Trust Company
Originating Lender
The First Bank and Trust Company

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