# PPP loan: SUMMIT PREPARATORY ACADEMY
> **$198K** approved 04/28/2020 · Paid in Full · Loan `7859307202`
## Borrower
- **Name:** SUMMIT PREPARATORY ACADEMY
- **Address:** 1039 SOMERSET DOWNS BLVD, HENDERSONVILLE, TN, 37075-1704
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Mortgage interest:** $49K
- **Jobs reported:** 25
## Lender
- **Originating:** Reliant Bank, A Division of United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*