# PPP loan: ACADEMY CENTER OF THE ARTS
> **$247K** approved 04/06/2020 · Paid in Full · Loan `6118907007`
## Borrower
- **Name:** ACADEMY CENTER OF THE ARTS
- **Address:** 600 Main Street, LYNCHBURG, VA, 24504-1322
- **NAICS:** 711310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Utilities:** $40K
- **Health care:** $20K
- **Jobs reported:** 37
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*