# PPP loan: NEW JERSEY INNOVATION INSTITUTE, INC
> **$2.46M** approved 04/27/2020 · Paid in Full · Loan `3794357206`
## Borrower
- **Name:** NEW JERSEY INNOVATION INSTITUTE, INC
- **Address:** 323 DR MARTIN LUTHER KING JR BLVD FENSTER HALL, NEWARK, NJ, 07103-1824
- **NAICS:** 541613
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.46M
- **Initial approval:** $2.46M
- **Forgiven:** $2.49M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.46M
- **Jobs reported:** 109
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*