Terrebonne Arc

$1,216,500 PPP Loan in Houma, Louisiana

Loan Details

Loan Number
8345527206
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,216,500
Current Approval
$1,216,500
Forgiveness Amount
$1,225,894
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Terrebonne Arc
Address
1 Mccord Rd
City
Houma
ZIP Code
70363-5547
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (623990)
Business Age
Existing or more than 2 years old
Jobs Reported
175
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
LA-01

Loan Use Breakdown

Payroll
$984,000
Utilities
$32,000
Health Care
$200,500

Lender Information

Servicing Lender
South Louisiana Bank
Originating Lender
South Louisiana Bank

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