BEAR ESSENTIALS ACADEMY LLC (UT) - 2020 PPP Loan Borrower Profile (# 8705867001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEAR ESSENTIALS ACADEMY 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 Utah.

Loan Detail

Loan Number

8705867001

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$83,400

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$84,300.26

Date Loan was Forgiven

Jun 3, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

62,550

Rent Proceed

10,425

Debt Interest Proceed

10,425

Lender

Meadows Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

624410

Borrower Location

SALT LAKE CITY, UT

Project Location

SALT LAKE CITY, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.