# PPP loan: MCDONOGH SCHOOL, INCORPORATED
> **$5.75M** approved 04/14/2020 · Paid in Full · Loan `6514597110`
## Borrower
- **Name:** MCDONOGH SCHOOL, INCORPORATED
- **Address:** 8600 McDonogh Road, Owings Mills, MD, 21117
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.75M
- **Initial approval:** $5.75M
- **Forgiven:** $4.37M (76%)
- **Forgiveness date:** 05/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.80M
- **Utilities:** $320K
- **Health care:** $400K
- **Debt interest:** $1.23M
- **Jobs reported:** 446
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*