# PPP loan: LEXINGTON RETIREMENT COMMUNITY INC.
> **$1.37M** approved 04/27/2020 · Paid in Full · Loan `4076547204`
## Borrower
- **Name:** LEXINGTON RETIREMENT COMMUNITY INC.
- **Address:** 160 Kendal Drive, LEXINGTON, VA, 24450-1786
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Mortgage interest:** $246K
- **Health care:** $96K
- **Jobs reported:** 189
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*