# PPP loan: UNIVERSITY OF NEW MEXICO FOUNDATION INC.
> **$1.30M** approved 04/12/2020 · Paid in Full · Loan `3906327105`
## Borrower
- **Name:** UNIVERSITY OF NEW MEXICO FOUNDATION INC.
- **Address:** 700 Lomas Blvd NE, Two Woodward Center /Ste 203, ALBUQUERQUE, NM, 87106
- **NAICS:** 813211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $976K
- **Utilities:** $325K
- **Jobs reported:** 73
## Lender
- **Originating:** Washington Federal Bank d/b/a WaFd Bank
- **Servicing:** Washington Federal Bank d/b/a WaFd Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*