# PPP loan: FAMILY EDUCATION RESOURCE MINISTRIES
> **$161K** approved 05/13/2020 · Paid in Full · Loan `5955037401`
## Borrower
- **Name:** FAMILY EDUCATION RESOURCE MINISTRIES
- **Address:** 3645 Pleasant Plains Road, Matthews, NC, 28104
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Mortgage interest:** $14K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 36
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*