# PPP loan: ARISE ACADEMY
> **$1.48M** approved 04/09/2020 · Paid in Full · Loan `8922577004`
## Borrower
- **Name:** ARISE ACADEMY
- **Address:** 3819 St. Claude Ave., New Orleans, LA, 70117-5735
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Rent:** $50K
- **Utilities:** $360K
- **Jobs reported:** 146
## 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*