# PPP loan: AUSTIN PREPARATORY SCHOOL
> **$1.93M** approved 04/07/2020 · Paid in Full · Loan `6945977010`
## Borrower
- **Name:** AUSTIN PREPARATORY SCHOOL
- **Address:** 101 WILLOW ST, READING, MA, 01867-1551
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.93M
- **Initial approval:** $1.96M
- **Forgiven:** $1.95M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.93M
- **Jobs reported:** 111
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*