The Arc Northern Chesapeake Region, Inc.

$2,608,440 PPP Loan in Aberdeen, Maryland

Loan Details

Loan Number
9857757105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$2,608,440
Current Approval
$2,608,440
Forgiveness Amount
$2,641,313
Forgiveness Date
Jul 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
The Arc Northern Chesapeake Region, Inc.
Address
4513 Philadelphia Rd
ZIP Code
21001
Business Type
Non-Profit Organization
Industry (NAICS)
Health Care and Social Assistance (623210)
Business Age
Existing or more than 2 years old
Jobs Reported
415
Estimated Revenue
N/A (non-profit)
Non-Profit
Yes
Rural/Urban
Urban
Congressional District
MD-01

Loan Use Breakdown

Payroll
$2,407,440
Rent
$50,000
Utilities
$26,000
Health Care
$110,000
Mortgage Interest
$15,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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