# PPP loan: NEW SUMMIT ACADEMY
> **$338K** approved 05/11/2020 · Paid in Full · Loan `4793807409`
## Borrower
- **Name:** NEW SUMMIT ACADEMY
- **Address:** 7899 LEXINGTON DR, COLORADO SPGS, CO, 80920
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $341K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Jobs reported:** 64
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*