# PPP loan: STEPPING STONES ACADEMY INC.
> **$208K** approved 04/08/2020 · Paid in Full · Loan `8558627009`
## Borrower
- **Name:** STEPPING STONES ACADEMY INC.
- **Address:** 35812 N 7th St., PHOENIX, AZ, 85086-7410
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Mortgage interest:** $20K
- **Utilities:** $1K
- **Jobs reported:** 33
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*