# PPP loan: SOCRATES ACADEMY, INC.
> **$713K** approved 05/18/2020 · Paid in Full · Loan `8369767409`
## Borrower
- **Name:** SOCRATES ACADEMY, INC.
- **Address:** 3909 WEDDINGTON RD, MATTHEWS, NC, 28105-6673
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $713K
- **Initial approval:** $713K
- **Forgiven:** $716K (100%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Rent:** $143K
- **Utilities:** $36K
- **Jobs reported:** 90
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*