# PPP loan: PENLAND SCHOOL OF CRAFT
> **$501K** approved 04/14/2020 · Paid in Full · Loan `5827247106`
## Borrower
- **Name:** PENLAND SCHOOL OF CRAFT
- **Address:** 67 Dora's Trail, PENLAND, NC, 28765
- **NAICS:** 611519
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $1.40M
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $501K
- **Jobs reported:** 75
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*