PRAISE CHAPEL, INC. (VT) - 2020 PPP Loan Borrower Profile (# 4776157108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to PRAISE CHAPEL, INC.. 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 Vermont.

Loan Detail

Loan Number

4776157108

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$65,600

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$66,031.34

Date Loan was Forgiven

Dec 21, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,080

Payroll Proced

52,520

Mortgage Interest Proceed

7,000

Lender

Community National Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

624410

Borrower Location

WHITE RIVER JUNCTION, VT

Project Location

WHITE RIVER JUNCTION, VT

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.