# PPP loan: THE CHELSEA SCHOOL
> **$425K** approved 05/15/2020 · Paid in Full · Loan `6842977410`
## Borrower
- **Name:** THE CHELSEA SCHOOL
- **Address:** 2970 BELCREST CENTER DR STE 300, HYATTSVILLE, MD, 20782-1987
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Jobs reported:** 35
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*