# PPP loan: THE MONARCH LEARNING ACADEMY INC
> **$220K** approved 04/11/2020 · Paid in Full · Loan `3468867102`
## Borrower
- **Name:** THE MONARCH LEARNING ACADEMY INC
- **Address:** 1914 EDGEWATER DRIVE, ORLANDO, FL, 32804-5827
- **NAICS:** 611110
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 55
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*