# PPP loan: LEAD CHARTER SCHOOLS
> **$730K** approved 05/01/2020 · Paid in Full · Loan `2575157701`
## Borrower
- **Name:** LEAD CHARTER SCHOOLS
- **Address:** 633 E RAY RD STE 132, GILBERT, AZ, 85296
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $730K
- **Initial approval:** $730K
- **Forgiven:** $738K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $584K
- **Mortgage interest:** $108K
- **Utilities:** $38K
- **Jobs reported:** 74
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*