# PPP loan: MANKATO AREA CATHOLIC SCHOOLS, INC.
> **$507K** approved 04/03/2020 · Paid in Full · Loan `4518157007`
## Borrower
- **Name:** MANKATO AREA CATHOLIC SCHOOLS, INC.
- **Address:** 145 GOOD COUNSEL DR, MANKATO, MN, 56001-3146
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $405K
- **Mortgage interest:** $51K
- **Utilities:** $51K
- **Jobs reported:** 82
## Lender
- **Originating:** Community Bank Mankato
- **Servicing:** Community Bank Mankato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*