# PPP loan: GORMAN LEARNING CHARTER NETWORK, INC.
> **$3.50M** approved 06/05/2020 · Paid in Full · Loan `8415517809`
## Borrower
- **Name:** GORMAN LEARNING CHARTER NETWORK, INC.
- **Address:** 1826 ORANGE TREE LN, REDLANDS, CA, 92374-2821
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.54M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.10M
- **Rent:** $84K
- **Health care:** $320K
- **Jobs reported:** 274
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*