# PPP loan: RENEW - REINVENTING EDUCATION
> **$4.20M** approved 04/14/2020 · Paid in Full · Loan `6216357110`
## Borrower
- **Name:** RENEW - REINVENTING EDUCATION
- **Address:** 1607 South Carrolton Ave, NEW ORLEANS, LA, 70118
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.20M
- **Initial approval:** $4.20M
- **Forgiven:** $4.25M (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.15M
- **Utilities:** $1.05M
- **Jobs reported:** 433
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*