PPP Loan information for Institute of academic excellence

$842,740

Institute of academic excellence was initially approved for PPP Loan of amount $842,740, the current approved amount is $842,740. The loan was approved on 04/29/2020 by The Liberty Bank and Trust Company reported 60 jobs and $842,740 was used to fund payroll.

Institute of academic excellence is Existing or more than 2 years old

PPP Loan Search / LA / NEW ORLEANS / Institute of academic excellence

INSTITUTE OF ACADEMIC EXCELLENCE

Date Approved

04/29/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

INSTITUTE OF ACADEMIC EXCELLENCE

Borrower Address

1426 NAPOLEON AVE

Borrower City

NEW ORLEANS

Borrower State

LA

Borrower Zip

70115-3958

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

842740.00

Current Approval Amount

842740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29037

Servicing Lender Name

Liberty Bank and Trust Company

Servicing Lender Address

6600 Plaza Dr, Ste 600

Servicing Lender City

NEW ORLEANS

Servicing Lender State

LA

Servicing Lender Zip

70127-2601

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ORLEANS

Project County Name

ORLEANS

Project State

LA

Project Zip

70115-3958

CD

LA-02

Jobs Reported

60

NAICS Code

611110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

836043.93

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

6696.07

Business Type

Non-Profit Organization

Originating Lender Location Id

29037

Originating Lender

Liberty Bank and Trust Company

Originating Lender City

NEW ORLEANS

Originating Lender State

LA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

849083.96

Forgiveness Date

02/04/2021

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