# PPP loan: ALPHABEST EDUCATION, INC.
> **$5.82M** approved 04/27/2020 · Exemption 4 · Loan `5226087209`
## Borrower
- **Name:** ALPHABEST EDUCATION, INC.
- **Address:** 5980 kinney Rd, LEWISVILLE, NC, 27023-8224
- **NAICS:** 611710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.82M
- **Initial approval:** $5.82M
- **Forgiven:** $4.63M (80%)
- **Forgiveness date:** 06/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $5.82M
- **Jobs reported:** 125
## Lender
- **Originating:** Triad Business Bank
- **Servicing:** Triad Business Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*