# PPP loan: ALABAMA EDUCATIONAL FOUNDATIO
> **$944K** approved 03/13/2021 · Paid in Full · Loan `1541308604`
## Borrower
- **Name:** ALABAMA EDUCATIONAL FOUNDATIO
- **Address:** 190 Woodward Dr, Indian Springs, AL, 35124-3272
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $944K
- **Initial approval:** $944K
- **Forgiven:** $952K (101%)
- **Forgiveness date:** 01/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $944K
- **Utilities:** $1
- **Jobs reported:** 61
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*