# PPP loan: UNITED STATES NAVAL INSTITUTE
> **$1.11M** approved 01/20/2021 · Paid in Full · Loan `2271288310`
## Borrower
- **Name:** UNITED STATES NAVAL INSTITUTE
- **Address:** 291 Wood Rd, Annapolis, MD, 21402-1213
- **NAICS:** 813920
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.11M (100%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Jobs reported:** 62
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*