# PPP loan: MONROE SCHOOL INC.
> **$249K** approved 05/01/2020 · Paid in Full · Loan `5079737703`
## Borrower
- **Name:** MONROE SCHOOL INC.
- **Address:** 601 50TH ST NE, WASHINGTON, DC, 20019-5450
- **NAICS:** 611699
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $236K (95%)
- **Forgiveness date:** 05/17/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 31
## 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*