# PPP loan: PENCILS OF PROMISE INC.
> **$266K** approved 03/15/2021 · Paid in Full · Loan `2425578601`
## Borrower
- **Name:** PENCILS OF PROMISE INC.
- **Address:** 1115 Broadway, New York, NY, 10010-3450
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 06/30/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $266K
- **Jobs reported:** 13
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*