# PPP loan: THE SPARC FOUNDATION, INC.
> **$237K** approved 04/16/2020 · Exemption 4 · Loan `2692167202`
## Borrower
- **Name:** THE SPARC FOUNDATION, INC.
- **Address:** 225 E CHESTNUT ST, ASHEVILLE, NC, 28801-2582
- **NAICS:** 621330
- **Business type:** Professional Association
- **Business age:** Unanswered
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $234K (99%)
- **Forgiveness date:** 08/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 31
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*