# PPP loan: TECLA INSTITUTE, LLC
> **$1.06M** approved 05/01/2020 · Paid in Full · Loan `1174857704`
## Borrower
- **Name:** TECLA INSTITUTE, LLC
- **Address:** 310 N Loomis Street, CHICAGO, IL, 60607
- **NAICS:** 541720
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $964K
- **Rent:** $90K
- **Health care:** $10K
- **Jobs reported:** 500
## 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*