# PPP loan: ACADEMY BUS CO INC
> **$675K** approved 05/03/2020 · Exemption 4 · Loan `9950747303`
## Borrower
- **Name:** ACADEMY BUS CO INC
- **Address:** 29 HUDSON ST, YONKERS, NY, 10701-3554
- **NAICS:** 485410
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $675K
- **Initial approval:** $675K
- **Forgiven:** $497K (74%)
- **Forgiveness date:** 07/12/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $643K
- **Rent:** $32K
- **Jobs reported:** 81
## 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*