# PPP loan: ALABAMA SHAKESPEARE FESTIVAL
> **$776K** approved 04/06/2020 · Paid in Full · Loan `6050997004`
## Borrower
- **Name:** ALABAMA SHAKESPEARE FESTIVAL
- **Address:** 1 Festival Drive, MONTGOMERY, AL, 36117-4605
- **NAICS:** 711110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $776K
- **Initial approval:** $776K
- **Forgiven:** $783K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $594K
- **Rent:** $41K
- **Utilities:** $61K
- **Health care:** $62K
- **Debt interest:** $18K
- **Jobs reported:** 120
## Lender
- **Originating:** River Bank & Trust
- **Servicing:** River Bank & Trust (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*