# PPP loan: THE CORNERSTONE OF RECOVERY INC
> **$1.95M** approved 04/06/2020 · Paid in Full · Loan `5987457000`
## Borrower
- **Name:** THE CORNERSTONE OF RECOVERY INC
- **Address:** AIRPORT HWY, LOUISVILLE, TN, 37777-4419
- **NAICS:** 622210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.95M
- **Initial approval:** $1.95M
- **Forgiven:** $1.96M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $97K
- **Utilities:** $97K
- **Health care:** $97K
- **Jobs reported:** 244
## Lender
- **Originating:** Peoples Bank of the South
- **Servicing:** Peoples Bank of the South (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*