# PPP loan: THE NORWICH FREE ACADEMY
> **$4.51M** approved 04/14/2020 · Paid in Full · Loan `6602437108`
## Borrower
- **Name:** THE NORWICH FREE ACADEMY
- **Address:** 305 BROADWAY, NORWICH, CT, 06360-3547
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.51M
- **Initial approval:** $4.51M
- **Forgiven:** $4.56M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.51M
- **Jobs reported:** 324
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*