# PPP loan: VERITAS ACADEMY
> **$650K** approved 04/06/2020 · Paid in Full · Loan `6212877007`
## Borrower
- **Name:** VERITAS ACADEMY
- **Address:** 13401 ESCARPMENT BLVD, AUSTIN, TX, 78739-1548
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $656K (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Rent:** $50K
- **Utilities:** $50K
- **Debt interest:** $10K
- **Jobs reported:** 143
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*