# PPP loan: INVEST DETROIT FOUNDATION
> **$733K** approved 04/10/2020 · Paid in Full · Loan `1428727102`
## Borrower
- **Name:** INVEST DETROIT FOUNDATION
- **Address:** 600 Renaissance Center, Suite 1710 0.0, Detroit, MI, 48243-1802
- **NAICS:** 522298
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $733K
- **Initial approval:** $733K
- **Forgiven:** $749K (102%)
- **Forgiveness date:** 05/17/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $657K
- **Mortgage interest:** $14K
- **Utilities:** $2K
- **Debt interest:** $60K
- **Jobs reported:** 33
## 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*