# PPP loan: LULA RICH EDUCATIONAL FOUNDATION INC
> **$198K** approved 02/05/2021 · Paid in Full · Loan `3680608403`
## Borrower
- **Name:** LULA RICH EDUCATIONAL FOUNDATION INC
- **Address:** 415 Lee Dr, Clarksdale, MS, 38614-1906
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** First National Bank of Clarksdale
- **Servicing:** First National Bank of Clarksdale (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*