# PPP loan: THE GREAT BASIN INSTITUTE
> **$1.79M** approved 05/01/2020 · Exemption 4 · Loan `1227817708`
## Borrower
- **Name:** THE GREAT BASIN INSTITUTE
- **Address:** 16750 MOUNT ROSE HWY, Reno, NV, 89511
- **NAICS:** 541712
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.79M
- **Initial approval:** $1.79M
- **Forgiven:** $1.14M (64%)
- **Forgiveness date:** 09/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.73M
- **Rent:** $3K
- **Utilities:** $5K
- **Health care:** $51K
- **Jobs reported:** 179
## 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*