# PPP loan: LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR-UCLA
> **$8.83M** approved 04/12/2020 · Paid in Full · Loan `3880227100`
## Borrower
- **Name:** LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR-UCLA
- **Address:** 1124 W. CARSON ST MRL #444, TORRANCE, CA, 90502-2006
- **NAICS:** 541714
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.83M
- **Initial approval:** $8.83M
- **Forgiven:** $8.93M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.11M
- **Utilities:** $107K
- **Health care:** $610K
- **Jobs reported:** 500
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*