# PPP loan: CAPE FEAR ACADEMY
> **$1.25M** approved 04/30/2020 · Paid in Full · Loan `7162507301`
## Borrower
- **Name:** CAPE FEAR ACADEMY
- **Address:** 3900 S College Road, WILMINGTON, NC, 28412-2009
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 163
## Lender
- **Originating:** First Carolina Bank
- **Servicing:** First Carolina Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*