# PPP loan: STUDENTCITY.COM INC
> **$450K** approved 06/05/2020 · Exemption 4 · Loan `8422337801`
## Borrower
- **Name:** STUDENTCITY.COM INC
- **Address:** 8 Essex Center Drive, Peabody, MA, 01960-2911
- **NAICS:** 561520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $391K (87%)
- **Forgiveness date:** 10/07/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $90K
- **Utilities:** $23K
- **Jobs reported:** 30
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*