# PPP loan: ACADEMY CENTER OF THE ARTS INC
> **$247K** approved 02/06/2021 · Paid in Full · Loan `4238658409`
## Borrower
- **Name:** ACADEMY CENTER OF THE ARTS INC
- **Address:** 600 Main St, Lynchburg, VA, 24504-1322
- **NAICS:** 611610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $248K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 37
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*