# PPP loan: SALISBURY ACADEMY
> **$287K** approved 04/06/2020 · Paid in Full · Loan `5852127009`
## Borrower
- **Name:** SALISBURY ACADEMY
- **Address:** 2210 JAKE ALEXANDER BLVD NORTH, SALISBURY, NC, 28147-1139
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Jobs reported:** 32
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*