# PPP loan: MONTESSORI ACADEMY INCORPORATED
> **$561K** approved 04/10/2020 · Paid in Full · Loan `1611547105`
## Borrower
- **Name:** MONTESSORI ACADEMY INCORPORATED
- **Address:** 100 MONTESSORI DR, BRENTWOOD, TN, 37027-1520
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $567K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Rent:** $3K
- **Mortgage interest:** $17K
- **Utilities:** $22K
- **Health care:** $11K
- **Debt interest:** $16K
- **Jobs reported:** 49
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*