# PPP loan: INSTITUTE OF ACADEMIC EXCELLENCE
> **$843K** approved 04/29/2020 · Paid in Full · Loan `4269347308`
## Borrower
- **Name:** INSTITUTE OF ACADEMIC EXCELLENCE
- **Address:** 1426 NAPOLEON AVE, NEW ORLEANS, LA, 70115-3958
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $843K
- **Initial approval:** $843K
- **Forgiven:** $849K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $836K
- **Debt interest:** $7K
- **Jobs reported:** 60
## Lender
- **Originating:** Liberty Bank and Trust Company
- **Servicing:** Liberty Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*