# PPP loan: ADVOCATES FOR ACADEMIC EXCELLENCE IN EDU
> **$1.62M** approved 04/14/2020 · Paid in Full · Loan `7268147102`
## Borrower
- **Name:** ADVOCATES FOR ACADEMIC EXCELLENCE IN EDU
- **Address:** 2001 LEON C SIMON DR, NEW ORLEANS, LA, 70122
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 122
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*