# PPP loan: THE INSTITUTE FOR THE REDESIGN OF LEARNING
> **$2.18M** approved 04/27/2020 · Paid in Full · Loan `3893787201`
## Borrower
- **Name:** THE INSTITUTE FOR THE REDESIGN OF LEARNING
- **Address:** 625 FAIR OAKS AVE STE 300, S PASADENA, CA, 91030-5805
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.18M
- **Initial approval:** $2.18M
- **Forgiven:** $2.23M (102%)
- **Forgiveness date:** 06/16/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.92M
- **Rent:** $150K
- **Utilities:** $10K
- **Health care:** $96K
- **Jobs reported:** 335
## 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*