# PPP loan: THE ACADEMY OF MODEL AERONAUTICS INC
> **$522K** approved 01/27/2021 · Paid in Full · Loan `6426118309`
## Borrower
- **Name:** THE ACADEMY OF MODEL AERONAUTICS INC
- **Address:** 5161 E Memorial Dr, Muncie, IN, 47302-9050
- **NAICS:** 813410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $523K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $522K
- **Jobs reported:** 57
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*