# PPP loan: THE ACADEMY AT PENGUIN HALL
> **$487K** approved 04/07/2020 · Paid in Full · Loan `7121387001`
## Borrower
- **Name:** THE ACADEMY AT PENGUIN HALL
- **Address:** 36 ESSEX ST, WENHAM, MA, 01984-1710
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $508K
- **Forgiven:** $491K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Jobs reported:** 46
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*