# PPP loan: CHAMPIONS ACADEMY, INC
> **$156K** approved 04/11/2020 · Paid in Full · Loan `3018017108`
## Borrower
- **Name:** CHAMPIONS ACADEMY, INC
- **Address:** 3000 Willowood Circle, AUSTIN, TX, 78703-1056
- **NAICS:** 611620
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $117K
- **Rent:** $39K
- **Jobs reported:** 34
## Lender
- **Originating:** American Bank of Commerce
- **Servicing:** American Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*