# PPP loan: BAIS YAAKOV ACADEMY
> **$711K** approved 04/30/2020 · Charged Off · Loan `5710727300`
## Borrower
- **Name:** BAIS YAAKOV ACADEMY
- **Address:** 1213 Elm Avenue, Brooklyn, NY, 11230
- **NAICS:** 611110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $711K
- **Initial approval:** $711K
- **Forgiven:** $637K (90%)
- **Forgiveness date:** 07/14/2021
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $711K
- **Jobs reported:** 144
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*