# PPP loan: THE LEARNING TREE, INC.
> **$3.13M** approved 04/07/2020 · Paid in Full · Loan `7322637000`
## Borrower
- **Name:** THE LEARNING TREE, INC.
- **Address:** 5451 ABLE CT, MOBILE, AL, 36693-3100
- **NAICS:** 623210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.13M
- **Initial approval:** $3.13M
- **Forgiven:** $3.16M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.89M
- **Rent:** $61K
- **Mortgage interest:** $3K
- **Utilities:** $154K
- **Debt interest:** $18K
- **Jobs reported:** 499
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*