# PPP loan: THE EDUCATIONAL ALLIANCE, INC.
> **$4.85M** approved 04/28/2020 · Paid in Full · Loan `8582447210`
## Borrower
- **Name:** THE EDUCATIONAL ALLIANCE, INC.
- **Address:** 197 EAST BROADWAY, NEW YORK, NY, 10002-5507
- **NAICS:** 712110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.85M
- **Initial approval:** $4.85M
- **Forgiven:** $4.92M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.35M
- **Health care:** $500K
- **Jobs reported:** 469
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*