# PPP loan: THE SARAH A. REED CHILDREN'S CENTER
> **$2.67M** approved 04/06/2020 · Paid in Full · Loan `5733907004`
## Borrower
- **Name:** THE SARAH A. REED CHILDREN'S CENTER
- **Address:** 2445 West 34th Street, ERIE, PA, 16506-3549
- **NAICS:** 623220
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.67M
- **Initial approval:** $2.67M
- **Forgiven:** $2.70M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.52M
- **Rent:** $50K
- **Mortgage interest:** $32K
- **Utilities:** $60K
- **Debt interest:** $10K
- **Jobs reported:** 322
## Lender
- **Originating:** CNB Bank
- **Servicing:** CNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*