# PPP loan: PHOENIX ACADEMY INC
> **$687K** approved 05/05/2020 · Paid in Full · Loan `2339827405`
## Borrower
- **Name:** PHOENIX ACADEMY INC
- **Address:** 7847 CLINARD FARMS RD, HIGH POINT, NC, 27265-9104
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $687K
- **Initial approval:** $146K
- **Forgiven:** $697K (101%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $687K
- **Jobs reported:** 88
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*