ALBEMARLE NEWSMEDIA LLC (NC) - 2020 PPP Loan Borrower Profile (# 3410848307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBEMARLE NEWSMEDIA LLC. 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 North Carolina.

Loan Detail

Loan Number

3410848307

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$84,855

Date Loan was Approved

Jan 22, 2021

Amount Forgiven

$47,076.42

Date Loan was Forgiven

May 19, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

84,850

Lender

SmartBank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

511110

Borrower Location

Albemarle, NC

Project Location

Albemarle, NC

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.