# PPP loan: CARAVEL ACADEMY
> **$1.35M** approved 04/29/2020 · Paid in Full · Loan `3055847305`
## Borrower
- **Name:** CARAVEL ACADEMY
- **Address:** 2801 DEL LAWS RD, BEAR, DE, 19701-1799
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.36M (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $941K
- **Utilities:** $405K
- **Jobs reported:** 207
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*