The Arc of North Carolina INC

$2,695,000 PPP Loan in Raleigh, North Carolina

Loan Details

Loan Number
7003507010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$2,695,000
Current Approval
$2,695,000
Forgiveness Amount
$2,726,741
Forgiveness Date
Jun 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
The Arc of North Carolina INC
Address
353 E Six Forks Rd
ZIP Code
27609-7827
Business Type
Non-Profit Organization
Industry (NAICS)
Other Services (except Public Administration) (813311)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
NC-02

Loan Use Breakdown

Payroll
$2,695,000

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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