# PPP loan: LAUREATE ACADEMY INC
> **$375K** approved 05/18/2020 · Paid in Full · Loan `8250147403`
## Borrower
- **Name:** LAUREATE ACADEMY INC
- **Address:** 2115 Oakmere Drive, HARVEY, LA, 70058
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $281K
- **Utilities:** $94K
- **Jobs reported:** 39
## Lender
- **Originating:** Gulf Coast Bank and Trust Company
- **Servicing:** Gulf Coast Bank and Trust Company (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*