Socrates Academy, Inc.

$712,800 PPP Loan in Matthews, North Carolina

Loan Details

Loan Number
8369767409
Date Approved
May 18, 2020
Loan Status
Paid in Full
Initial Approval
$712,800
Current Approval
$712,800
Forgiveness Amount
$716,296
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Socrates Academy, Inc.
Address
3909 Weddington Rd
ZIP Code
28105-6673
Business Type
Non-Profit Organization
Industry (NAICS)
Educational Services (611110)
Business Age
Existing or more than 2 years old
Jobs Reported
90
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
NC-14

Loan Use Breakdown

Payroll
$534,600
Rent
$142,560
Utilities
$35,640

Lender Information

Servicing Lender
First Bank
Originating Lender
First Bank

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