# PPP loan: EDUCATION EVOLVE, LLC
> **$1.20M** approved 04/15/2020 · Paid in Full · Loan `8709727100`
## Borrower
- **Name:** EDUCATION EVOLVE, LLC
- **Address:** 252 Chapman Road Suite 100, Newark, DE, 19702
- **NAICS:** 611519
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $980K
- **Rent:** $168K
- **Utilities:** $12K
- **Health care:** $41K
- **Jobs reported:** 121
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*