# PPP loan: THE INSTITUTE FOR EXCELLENCE IN EDUCATION
> **$625K** approved 02/04/2021 · Paid in Full · Loan `3212748409`
## Borrower
- **Name:** THE INSTITUTE FOR EXCELLENCE IN EDUCATION
- **Address:** 711 W Pickard St Ste M, Mount Pleasant, MI, 48858-1587
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $631K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $625K
- **Jobs reported:** 38
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*