# PPP loan: MODERN LANGUAGE ASSOCIATION OF AMERICA, INC.
> **$1.64M** approved 05/01/2020 · Paid in Full · Loan `2123677703`
## Borrower
- **Name:** MODERN LANGUAGE ASSOCIATION OF AMERICA, INC.
- **Address:** 85 BROAD ST STE 500, NEW YORK, NY, 10004
- **NAICS:** 511130
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $200K
- **Health care:** $200K
- **Jobs reported:** 104
## 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*