# PPP loan: INSTITUTE FOR STUDY ABROAD, INC.
> **$980K** approved 04/09/2020 · Exemption 4 · Loan `1028127100`
## Borrower
- **Name:** INSTITUTE FOR STUDY ABROAD, INC.
- **Address:** 6201 Corporate Dr Ste 200, Indianapolis, IN, 46278-2944
- **NAICS:** 611710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $980K
- **Initial approval:** $980K
- **Forgiven:** $857K (87%)
- **Forgiveness date:** 02/24/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $630K
- **Utilities:** $100K
- **Health care:** $250K
- **Jobs reported:** 58
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*