# PPP loan: PROGRAM OF ACADEMIC EXCHANGE, P.A.X.
> **$605K** approved 04/08/2020 · Paid in Full · Loan `8587827009`
## Borrower
- **Name:** PROGRAM OF ACADEMIC EXCHANGE, P.A.X.
- **Address:** 14 WILLETT AVE Suite 201, PORT CHESTER, NY, 10573-4326
- **NAICS:** 611710
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $612K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $453K
- **Mortgage interest:** $76K
- **Utilities:** $76K
- **Jobs reported:** 44
## Lender
- **Originating:** Connecticut Community Bank, National Association
- **Servicing:** Connecticut Community Bank, National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*