# PPP loan: CHELSEA ACADEMY
> **$247K** approved 04/15/2020 · Paid in Full · Loan `1244177207`
## Borrower
- **Name:** CHELSEA ACADEMY
- **Address:** 4 FAMILY LIFE LN, FRONT ROYAL, VA, 22630-6453
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Mortgage interest:** $40K
- **Utilities:** $7K
- **Jobs reported:** 33
## Lender
- **Originating:** Burke and Herbert Bank and Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*