# PPP loan: EDUCATIONAL FUNDING COMPANY INC
> **$729K** approved 05/01/2020 · Paid in Full · Loan `6196077710`
## Borrower
- **Name:** EDUCATIONAL FUNDING COMPANY INC
- **Address:** 4740 Chevy Chase Dr Ste 200, Chevy Chase, MD, 20815
- **NAICS:** 541219
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $729K
- **Initial approval:** $729K
- **Forgiven:** $736K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $729K
- **Jobs reported:** 45
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*