# PPP loan: DESERT PRESCHOOL ACADEMY
> **$192K** approved 05/01/2020 · Charged Off · Loan `4786187709`
## Borrower
- **Name:** DESERT PRESCHOOL ACADEMY
- **Address:** 80700 SUNNY COVE COURT, INDIO, CA, 92201
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $114K (59%)
- **Forgiveness date:** 02/28/2023
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $192K
- **Jobs reported:** 13
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*