# PPP loan: THE AMERICAN VIRTUAL ACADEMY, INC.
> **$2.19M** approved 04/11/2020 · Paid in Full · Loan `2753797110`
## Borrower
- **Name:** THE AMERICAN VIRTUAL ACADEMY, INC.
- **Address:** 2471 N ARIZONA AVE, CHANDLER, AZ, 85225-1373
- **NAICS:** 611110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.19M
- **Initial approval:** $2.19M
- **Forgiven:** $2.21M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.86M
- **Mortgage interest:** $125K
- **Utilities:** $200K
- **Jobs reported:** 217
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*