# PPP loan: THE SPRING HILL SCHOOL
> **$353K** approved 04/05/2020 · Paid in Full · Loan `5532557010`
## Borrower
- **Name:** THE SPRING HILL SCHOOL
- **Address:** 825A MIDDLEFIELD DR, PETALUMA, CA, 94952-5224
- **NAICS:** 611430
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Mortgage interest:** $170K
- **Utilities:** $12K
- **Health care:** $30K
- **Jobs reported:** 35
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*