# PPP loan: TRANSFORMATION NETWORK
> **$940K** approved 04/06/2020 · Paid in Full · Loan `5702957005`
## Borrower
- **Name:** TRANSFORMATION NETWORK
- **Address:** 1310 CLAREMONT AVE, ASHLAND, OH, 44805-3529
- **NAICS:** 561311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $940K
- **Initial approval:** $940K
- **Forgiven:** $945K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $786K
- **Rent:** $20K
- **Mortgage interest:** $40K
- **Utilities:** $44K
- **Health care:** $30K
- **Debt interest:** $20K
- **Jobs reported:** 130
## Lender
- **Originating:** Sutton Bank
- **Servicing:** Sutton Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*