# PPP loan: MEGA ACADEMY INC.
> **$180K** approved 05/11/2020 · Paid in Full · Loan `4776287406`
## Borrower
- **Name:** MEGA ACADEMY INC.
- **Address:** 133-50 41st Avenue, Flushing, NY, 11355
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $165K (92%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 60
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*