CARAVEL ACADEMY (DE) - 2020 PPP Loan Borrower Profile (# 3055847305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CARAVEL ACADEMY. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Delaware.

Loan Detail

Loan Number

3055847305

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$1,346,112

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$1,362,375.98

Date Loan was Forgiven

Jul 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

405,303

Payroll Proced

940,809

Lender

Wilmington Savings Fund Society, FSB

Business Detail

Business Type

Non-Profit Organization

NAICS

611110

Borrower Location

BEAR, DE

Project Location

BEAR, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

207

Business Age Description

Existing or more than 2 years old

Data Source: SBA.