# PPP loan: THE LITERACY LAB
> **$1.87M** approved 04/16/2020 · Paid in Full · Loan `2925267210`
## Borrower
- **Name:** THE LITERACY LAB
- **Address:** 1400 16TH ST NW, WASHINGTON, DC, 20036-2216
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.87M
- **Initial approval:** $1.87M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.87M
- **Jobs reported:** 395
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*