# PPP loan: AMERICAN CORRECTIONAL ASSOC
> **$563K** approved 01/31/2021 · Paid in Full · Loan `9808098304`
## Borrower
- **Name:** AMERICAN CORRECTIONAL ASSOC
- **Address:** 206 N Washington St Ste 200, Alexandria, VA, 22314-2528
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $568K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $562K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*