# PPP loan: REDBANKS COLONIAL TERRACE, INC.
> **$620K** approved 04/06/2020 · Paid in Full · Loan `6263877007`
## Borrower
- **Name:** REDBANKS COLONIAL TERRACE, INC.
- **Address:** 142 Roger Powell Road, SEBREE, KY, 42455-2115
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $620K
- **Jobs reported:** 94
## Lender
- **Originating:** Independence Bank of Kentucky
- **Servicing:** Independence Bank of Kentucky (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*