Madison Ridgeland Academy

$1,540,800 PPP Loan in Madison, Mississippi

Loan Details

Loan Number
5165947006
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$1,540,800
Current Approval
$1,540,800
Forgiveness Amount
$1,550,516
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Madison Ridgeland Academy
Address
7601 Old Canton Rd
ZIP Code
39110-8968
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611110)
Business Age
Existing or more than 2 years old
Jobs Reported
210
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
MS-03

Loan Use Breakdown

Payroll
$1,402,800
Utilities
$40,000
Health Care
$48,000
Mortgage Interest
$48,000
Debt Interest
$2,000

Lender Information

Servicing Lender
Bankplus
Originating Lender
Bankplus

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