# PPP loan: EVOLUTION ACADEMY
> **$578K** approved 05/01/2020 · Paid in Full · Loan `8461607301`
## Borrower
- **Name:** EVOLUTION ACADEMY
- **Address:** 1101 S SHERMAN ST, RICHARDSON, TX, 75081-4852
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $578K
- **Initial approval:** $723K
- **Forgiven:** $583K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $578K
- **Jobs reported:** 67
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*