# PPP loan: HOVNANIAN SCHOOL INC.
> **$314K** approved 02/10/2021 · Exemption 4 · Loan `6243978404`
## Borrower
- **Name:** HOVNANIAN SCHOOL INC.
- **Address:** 817 River Rd, New Milford, NJ, 07646-3029
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $143K (46%)
- **Forgiveness date:** 04/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $314K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Blue Foundry Bank
- **Servicing:** Blue Foundry Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*