# PPP loan: MADISON RIDGELAND ACADEMY
> **$1.54M** approved 04/05/2020 · Paid in Full · Loan `5165947006`
## Borrower
- **Name:** MADISON RIDGELAND ACADEMY
- **Address:** 7601 OLD CANTON RD, MADISON, MS, 39110-8968
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Mortgage interest:** $48K
- **Utilities:** $40K
- **Health care:** $48K
- **Debt interest:** $2K
- **Jobs reported:** 210
## Lender
- **Originating:** BankPlus
- **Servicing:** BankPlus (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*