# PPP loan: A NEW DIRECTION: BREAKING THE CYCLE OF POVERTY INC
> **$313K** approved 04/27/2020 · Exemption 4 · Loan `4711867206`
## Borrower
- **Name:** A NEW DIRECTION: BREAKING THE CYCLE OF POVERTY INC
- **Address:** 7007 Potsdam Ct, Montgomery, AL, 36117
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $313K
- **Jobs reported:** 6
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*