# PPP loan: L.P.COLLEGE, INC.
> **$1.25M** approved 04/13/2020 · Paid in Full · Loan `4982017102`
## Borrower
- **Name:** L.P.COLLEGE, INC.
- **Address:** 100 SPRING ST, NEW BEDFORD, MA, 02740-5939
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 200
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*