# PPP loan: THE AMERICAN CHESTNUT FOUNDATION
> **$208K** approved 04/14/2020 · Paid in Full · Loan `7082557109`
## Borrower
- **Name:** THE AMERICAN CHESTNUT FOUNDATION
- **Address:** 50 N Merrimon Ave, Ste 115, ASHEVILLE, NC, 28804-1395
- **NAICS:** 111421
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $208K
- **Jobs reported:** 18
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*