# PPP loan: RETIREMENT COMMUNITIES OF AMERICA, INC.
> **$348K** approved 04/07/2020 · Paid in Full · Loan `6960197010`
## Borrower
- **Name:** RETIREMENT COMMUNITIES OF AMERICA, INC.
- **Address:** 6465 N Quail Hollow Rd. #400, MEMPHIS, TN, 38120-1417
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $348K
- **Initial approval:** $348K
- **Forgiven:** $351K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Jobs reported:** 28
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*