# PPP loan: THE PENNINGTON SCHOOL
> **$2.61M** approved 04/06/2020 · Paid in Full · Loan `5759647007`
## Borrower
- **Name:** THE PENNINGTON SCHOOL
- **Address:** 112 west delaware ave, PENNINGTON, NJ, 08534-1601
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.61M
- **Forgiven:** $2.64M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.61M
- **Jobs reported:** 220
## Lender
- **Originating:** Peoples Security Bank and Trust Company
- **Servicing:** Peoples Security Bank and Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*