# PPP loan: WORCESTER PREPARATORY SCHOOL, INC.
> **$1.02M** approved 04/06/2020 · Paid in Full · Loan `6036437004`
## Borrower
- **Name:** WORCESTER PREPARATORY SCHOOL, INC.
- **Address:** 508 S Main Street, BERLIN, MD, 21811-1410
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Jobs reported:** 159
## Lender
- **Originating:** Shore United Bank, National Association
- **Servicing:** Shore United Bank, National Association (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*