# PPP loan: ALPHA ACADEMY INC
> **$719K** approved 04/10/2020 · Paid in Full · Loan `1647537104`
## Borrower
- **Name:** ALPHA ACADEMY INC
- **Address:** 8030 RAEFORD RD, FAYETTEVILLE, NC, 28304-5925
- **NAICS:** 611110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $719K
- **Initial approval:** $719K
- **Forgiven:** $726K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $619K
- **Rent:** $100K
- **Jobs reported:** 88
## 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*