# PPP loan: KERR-VANCE ACADEMY, INC.
> **$268K** approved 04/07/2020 · Paid in Full · Loan `6845237003`
## Borrower
- **Name:** KERR-VANCE ACADEMY, INC.
- **Address:** 700 Vance Academy Rd, HENDERSON, NC, 27537-8725
- **NAICS:** 611110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Mortgage interest:** $34K
- **Utilities:** $34K
- **Jobs reported:** 40
## Lender
- **Originating:** Benchmark Community Bank
- **Servicing:** Benchmark Community Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*