# PPP loan: ENCORE LEARNING, INC.
> **$913K** approved 04/08/2020 · Paid in Full · Loan `8428677004`
## Borrower
- **Name:** ENCORE LEARNING, INC.
- **Address:** 2518 Arts Street, New Orleans, LA, 70117-7507
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $913K
- **Initial approval:** $913K
- **Forgiven:** $924K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $789K
- **Rent:** $112K
- **Utilities:** $12K
- **Jobs reported:** 95
## Lender
- **Originating:** Hope FCU
- **Servicing:** Hope Enterprise Corporation (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*