The Arc of the Shoals

$615,253 PPP Loan in Tuscumbia, Alabama

Loan Details

Loan Number
4612637103
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$615,253
Current Approval
$615,253
Forgiveness Amount
$618,654
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Arc of the Shoals
Address
100 W. Lamar Ave
State
Alabama
ZIP Code
35674-3139
Business Type
Non-Profit Organization
Industry (NAICS)
Administrative and Support and Waste Management (561311)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$461,440
Utilities
$61,525
Mortgage Interest
$92,288

Lender Information

Servicing Lender
First Metro Bank
Originating Lender
First Metro Bank

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