# PPP loan: THORNTON ACADEMY
> **$3.58M** approved 04/03/2020 · Paid in Full · Loan `4470177002`
## Borrower
- **Name:** THORNTON ACADEMY
- **Address:** 438 Main Street, SACO, ME, 04072-1565
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.58M
- **Initial approval:** $3.58M
- **Forgiven:** $3.61M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.58M
- **Jobs reported:** 212
## Lender
- **Originating:** Saco & Biddeford Savings Institution
- **Servicing:** Saco & Biddeford Savings Institution (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*