# PPP loan: UNIVERSITY OF THE WEST
> **$862K** approved 03/12/2021 · Paid in Full · Loan `1099208605`
## Borrower
- **Name:** UNIVERSITY OF THE WEST
- **Address:** 1409 Walnut Grove Ave, Rosemead, CA, 91770-3709
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $862K
- **Initial approval:** $862K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $862K
- **Utilities:** $1
- **Jobs reported:** 94
## Lender
- **Originating:** Cathay Bank
- **Servicing:** Cathay Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*