# PPP loan: PROSPECT SCHOOLS, INC.
> **$661K** approved 05/01/2020 · Exemption 4 · Loan `8769057309`
## Borrower
- **Name:** PROSPECT SCHOOLS, INC.
- **Address:** 355 Bridge St, BROOKLYN, NY, 11201
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $661K
- **Initial approval:** $661K
- **Forgiven:** $595K (90%)
- **Forgiveness date:** 05/12/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Health care:** $76K
- **Jobs reported:** 42
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*