# PPP loan: TRUSTEES OF DERBY ACADEMY
> **$1.48M** approved 04/13/2020 · Paid in Full · Loan `4700227109`
## Borrower
- **Name:** TRUSTEES OF DERBY ACADEMY
- **Address:** 56 BURDITT AVE, HINGHAM, MA, 02043
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 95
## Lender
- **Originating:** Rockland Trust Company
- **Servicing:** Rockland Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*