# PPP loan: SOLAR ALTERNATIVES INC
> **$566K** approved 02/23/2021 · Exemption 4 · Loan `3148888508`
## Borrower
- **Name:** SOLAR ALTERNATIVES INC
- **Address:** 5804 River Oaks Rd S, New Orleans, LA, 70123-2155
- **NAICS:** 221114
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $374K (66%)
- **Forgiveness date:** 04/14/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $566K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Home Bank, National Association
- **Servicing:** Home Bank, National Association (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*