# PPP loan: INSTITUTE FOR ACADEMIC EXCELLENCE
> **$843K** approved 02/06/2021 · Paid in Full · Loan `4693198404`
## Borrower
- **Name:** INSTITUTE FOR 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:** $851K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $843K
- **Utilities:** $1
- **Jobs reported:** 56
## 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*