# PPP loan: NEW ENGLAND ACADEMY, LLC
> **$688K** approved 04/05/2020 · Paid in Full · Loan `5089517003`
## Borrower
- **Name:** NEW ENGLAND ACADEMY, LLC
- **Address:** 96 CHERRY HILL DR, BEVERLY, MA, 01915-1065
- **NAICS:** 611110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $693K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $688K
- **Jobs reported:** 43
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*