# PPP loan: LARC SCHOOL INC.
> **$1.08M** approved 03/12/2021 · Exemption 4 · Loan `9573688505`
## Borrower
- **Name:** LARC SCHOOL INC.
- **Address:** 1089 Creek Rd, Bellmawr, NJ, 08031-1648
- **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:** $119K (11%)
- **Forgiveness date:** 07/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Utilities:** $1
- **Jobs reported:** 125
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*