# PPP loan: THE ARTS BASED SCHOOL
> **$685K** approved 05/19/2020 · Paid in Full · Loan `8936987402`
## Borrower
- **Name:** THE ARTS BASED SCHOOL
- **Address:** 1380 North Martin Luther King Jr Drive, WINSTON SALEM, NC, 27101-3035
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $692K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $685K
- **Jobs reported:** 60
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*