# PPP loan: THE FRANKLIN SCHOOL OF INNOVATION, INC.
> **$694K** approved 04/09/2020 · Paid in Full · Loan `9456437004`
## Borrower
- **Name:** THE FRANKLIN SCHOOL OF INNOVATION, INC.
- **Address:** 21 Innovation Drive, ASHEVILLE, NC, 28806-0039
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $552K
- **Mortgage interest:** $35K
- **Health care:** $80K
- **Debt interest:** $27K
- **Jobs reported:** 83
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*