# PPP loan: PENCILS OF PROMISE INC
> **$240K** approved 05/02/2020 · Paid in Full · Loan `9372037310`
## Borrower
- **Name:** PENCILS OF PROMISE INC
- **Address:** 1115 BROADWAY STE 1157, NEW YORK, NY, 10010-3401
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*