# PPP loan: IVY ACADEMY, INC.
> **$485K** approved 06/29/2020 · Paid in Full · Loan `5743758007`
## Borrower
- **Name:** IVY ACADEMY, INC.
- **Address:** 8520 DAYTON PIKE, SODDY DAISY, TN, 37379-4205
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $485K
- **Jobs reported:** 77
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*