# PPP loan: PROMISE ACADEMY SPRING HILL INC.
> **$555K** approved 04/29/2020 · Paid in Full · Loan `4427707305`
## Borrower
- **Name:** PROMISE ACADEMY SPRING HILL INC.
- **Address:** 1346 BRYAN ST, MEMPHIS, TN, 38108-2401
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $558K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Jobs reported:** 64
## Lender
- **Originating:** Patriot Bank
- **Servicing:** Patriot Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*