# PPP loan: RIVERSIDE ACADEMY INC
> **$401K** approved 04/27/2020 · Paid in Full · Loan `6321827209`
## Borrower
- **Name:** RIVERSIDE ACADEMY INC
- **Address:** 332 RAILROAD AVE, RESERVE, LA, 70084-6623
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Utilities:** $80K
- **Jobs reported:** 51
## Lender
- **Originating:** First American Bank & Trust
- **Servicing:** First American Bank & Trust (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*