# PPP loan: WESTERN EDUCATIONAL CORPORATION
> **$6.19M** approved 04/10/2020 · Paid in Full · Loan `2555017109`
## Borrower
- **Name:** WESTERN EDUCATIONAL CORPORATION
- **Address:** 177 Holston Dr., LANCASTER, CA, 93535-4570
- **NAICS:** 611699
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.19M
- **Initial approval:** $6.19M
- **Forgiven:** $6.26M (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.19M
- **Jobs reported:** 390
## Lender
- **Originating:** Hanmi Bank
- **Servicing:** Hanmi Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*