ARISE ACADEMY (LA) - 2020 PPP Loan Borrower Profile (# 8922577004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARISE ACADEMY. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Louisiana.

Loan Detail

Loan Number

8922577004

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$1,483,387

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$1,501,187.64

Date Loan was Forgiven

Jun 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

360,000

Payroll Proced

1,073,387

Rent Proceed

50,000

Lender

Hope FCU

Business Detail

Business Type

Non-Profit Organization

NAICS

611110

Borrower Location

New Orleans, LA

Project Location

New Orleans, LA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

146

Business Age Description

Existing or more than 2 years old

Data Source: SBA.