# PPP loan: MEMPHIS BUSINESS ACADEMY
> **$2.31M** approved 04/27/2020 · Paid in Full · Loan `3502437205`
## Borrower
- **Name:** MEMPHIS BUSINESS ACADEMY
- **Address:** 2450 Frayser Blvd, Memphis, TN, 38127-5823
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.31M
- **Initial approval:** $2.31M
- **Forgiven:** $2.23M (96%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.31M
- **Jobs reported:** 193
## Lender
- **Originating:** Hope Enterprise Corporation
- **Servicing:** Hope Enterprise Corporation (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*