# PPP loan: CARMEL ACADEMY, INC.
> **$1.08M** approved 04/15/2020 · Paid in Full · Loan `9489427106`
## Borrower
- **Name:** CARMEL ACADEMY, INC.
- **Address:** 270 Lake Avenue, Greenwich, CT, 06830
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Mortgage interest:** $120K
- **Health care:** $63K
- **Jobs reported:** 76
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*