# PPP loan: NEW HOPE ACADEMY
> **$437K** approved 04/27/2020 · Paid in Full · Loan `5642987207`
## Borrower
- **Name:** NEW HOPE ACADEMY
- **Address:** 1820 DOWNS BLVD, FRANKLIN, TN, 37064-6859
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 50
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*