# PPP loan: THE NEW SCHOOL INC.
> **$333K** approved 04/10/2021 · Paid in Full · Loan `1550428803`
## Borrower
- **Name:** THE NEW SCHOOL INC.
- **Address:** 5617 Sunset Lake Rd, Holly Springs, NC, 27540-4348
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $333K
- **Initial approval:** $333K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 03/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $333K
- **Jobs reported:** 45
## Lender
- **Originating:** First Federal Bank
- **Servicing:** First Federal Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*