# PPP loan: TOWER SCHOOL IN MARBLEHEAD
> **$916K** approved 04/08/2020 · Paid in Full · Loan `8359797000`
## Borrower
- **Name:** TOWER SCHOOL IN MARBLEHEAD
- **Address:** 75 WEST SHORE DR, MARBLEHEAD, MA, 01945-1256
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $916K
- **Initial approval:** $926K
- **Forgiven:** $923K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $916K
- **Jobs reported:** 56
## 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*