# PPP loan: AMERICAN LIBRARY ASSOCIATION
> **$4.21M** approved 04/10/2020 · Paid in Full · Loan `1648977109`
## Borrower
- **Name:** AMERICAN LIBRARY ASSOCIATION
- **Address:** 50 E Huron Street 0.0, Chicago, IL, 60611-2795
- **NAICS:** 813920
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.21M
- **Initial approval:** $4.21M
- **Forgiven:** $4.26M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.00M
- **Rent:** $100K
- **Mortgage interest:** $27K
- **Utilities:** $104K
- **Health care:** $938K
- **Debt interest:** $48K
- **Jobs reported:** 247
## 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*